Budget 2021 was delivered on 16 February 2021 and signals a shift from containing COVID-19 to restructuring and preparing Singapore’s economy and workforce for the post-pandemic world. This is the second consecutive year that Singapore will dip into her reserves and run a deficit budget in the Government’s bid to achieve these strategic goals and enable businesses in Singapore to be well positioned to take advantage of the post-COVID recovery. This alert summarises the key fiscal and non-fiscal measures announced in Budget 2021.
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