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Budget highlights for the C-suite

Local contact

Pui Ming Soh

20 Feb 2020
Subject Tax alert
Categories Tax update
Jurisdictions Singapore

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  • Budget 2020 news alert c suite (pdf)

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How will Budget 2020 shape your C-suite agenda? Gain clarity into the measures that matter most to your business.

Against the backdrop of near-term uncertainties and economic slowdown, Budget 2020 outlines Singapore’s strategic financial measures and commitment to build a growing, caring and sustainable nation.

Budget 2020 introduces temporary measures, including a S$4b Stabilisation and Support Package aimed at providing support to workers and enterprises to allay their immediate concerns regarding the slowdown in the economy, as well as a S$1.6b Care and Support Package to help families and households with the cost of living.

S$8.3B is set aside to execute Transformation and Growth Strategy to prepare Singapore businesses to seize new opportunities amidst broader short-term uncertainties and longer-term structural changes and continue her march towards becoming a Global-Asia node of technology, innovation and enterprise.

As a C-suite executive, having clarity on the Budget measures that matter most to your business is imperative. We highlight the key measures to keep front of mind as you shape your business strategy to drive competitive growth and navigate the disruptions and uncertainties of today’s fast-evolving landscape.

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