Lawrence Wong to deliver Singapore’s Budget 2026 on 12 February

SINGAPORE: Prime Minister and Finance Minister Lawrence Wong will deliver Singapore’s Budget 2026 on 12 February, the Ministry of Finance (MOF) said on 29 December 2025.

The Budget Statement will be broadcast live on television and radio, and streamed on the Singapore Budget website.

MOF said the full Budget Statement will be published on the Singapore Budget website after it is delivered.

For real-time updates, the ministry said members of the public can follow its official Facebook, Instagram, WhatsApp channel, LinkedIn and X accounts.

MOF also encouraged the public to participate in pre-Budget consultations and share views on priorities for Budget 2026.

Members of the public can submit feedback online through REACH’s Budget 2026 microsite, REACH’s Facebook and Instagram pages, and the People’s Association’s ShareYourViews webpage.

These feedback channels will remain open until 12 January 2026, MOF said.

In addition to online engagement, REACH will conduct a physical pre-Budget Listening Point on 21 January 2026 at Geneo.

The People’s Association and its grassroots organisations will also hold physical ShareYourViews sessions across heartland locations.

Details of these engagements are available on REACH’s Budget 2026 microsite and the People’s Association’s ShareYourViews webpage.

MOF said the consultations will focus on three broad themes: advancing the economy, securing good jobs, and helping Singaporeans progress together.

On the economy, MOF said earlier in December that economic growth remains essential for creating good jobs and opportunities.

However, it noted the need to balance innovation and expansion with land and resource constraints, as well as climate-related risks.

Respondents are being asked how Singapore can strengthen its entrepreneurship and innovation ecosystem.

Other questions include how local firms can compete globally and how businesses can adopt technologies such as artificial intelligence to unlock new growth opportunities.

On jobs, MOF said rapid technological change, including the adoption of artificial intelligence, is reshaping industries and work.

Key issues include preparing students and workers for a more uncertain global economy.

The consultation also examines how workers can keep their skills relevant and how employers can be encouraged to invest in skills development and career progression.

MOF said feedback is also sought on how seniors can remain productive while balancing work, life and retirement needs.

For the third theme, the ministry said helping Singaporeans progress together requires collective effort.

Questions include how every child can be given the opportunity to fulfil their potential.

The consultation will also examine how support for seniors can be strengthened and how assistance for persons with disabilities can be improved.

Separately, major business groups have released their wish lists for the upcoming Budget.

The Singapore National Employers Federation, Singapore Chinese Chamber of Commerce & Industry, and Singapore Indian Chamber of Commerce and Industry have called for measures to ease business costs and manpower pressures.

Common proposals include more flexible foreign manpower policies, enhanced skills training and stronger support for small and medium-sized enterprise competitiveness.

Budget 2026 will be the first Budget of Singapore’s 15th Parliament, which opened its first session in September following the 2025 General Election.

The ruling People’s Action Party secured 65.57 per cent of the vote in that election, marking PM Wong’s first electoral contest as Singapore’s fourth Prime Minister.

Wong succeeded Lee Hsien Loong as Prime Minister on 15 May 2024 and has since faced growing pressure to address rising living costs, housing affordability and job security.