Singapore Budget 2026

Securing Our Future Together in a Changed World

Last updated 23 August 2026

Singapore Budget 2026 supports families, workers and households

Photo credits: Ministry of Finance

Budget 2026: Highlights and Support Measures

Budget 2026 reflects our aspirations and collective vision. We will partner with you to:

Secure good jobs and build a resilient workforce;
Harness AI as a strategic advantage;
Advance our economic strategy;
Uplift Singaporeans to progress together; and
Renew and strengthen our Singapore Spirit.

Find out how Budget 2026 can support you on the Ministry of Finance’s Singapore Budget website (opens in new tab).

Enhanced Support for Singaporeans in Response to the Middle East Situation

In a Ministerial Statement on 7 April 2026, Senior Minister of State for Finance Jeffrey Siow announced enhanced support measures for Singaporeans, workers and businesses. Watch his Ministerial Statement.

On 29 July 2026, Minister for Transport and Second Minister for Finance Jeffrey Siow and Senior Minister of State for Trade and Industry Low Yen Ling announced the second package of support measures for Singaporean households and businesses.

Thumbnail for Impact of the Middle East Situation: Second Support Package for Households and Businesses

Support for Singaporeans and Households

First Support Package (announced on 7 April 2026):

$500 CDC Vouchers brought forward to June 2026
$400 to $600 Cost-of-Living Special Payment in September 2026
$200 cash relief for eligible platform workers, private hire car drivers and taxi drivers from April 2026

Second Support Package (announced on 29 July 2026):

[New] $300 CDC Vouchers in January 2027
[Enhanced] Up to $190 of additional U-Save rebates (October 2026 and January 2027) for eligible HDB households
[Enhanced] ComCare Interim Assistance for lower-income households (August – December 2026)
- At least $250 per month (up to 3 months)
- More flexible income eligibility criteria

Support for Businesses

First Support Package (announced on 7 April 2026):

Temporary co-funding of cost increases for essential bus services such as those for school students, seniors, and persons with disabilities
Increase Corporate Income Tax rebate to 50% for Year of Assessment 2026

Raise minimum benefit to $2,000 for eligible companies
Raise benefits cap to $40,000 per company

Expand Energy Efficiency Grant (Base Tier) to all sectors and extend to 31 March 2028

Second Support Package (announced on 29 July 2026):

[Enhanced] Enterprise Financing Scheme (September 2026 – March 2027)
- SME Working Capital Loan: Government risk-share increased to 70%
- Project Loan: Government risk-share increased to 70%, and extended to domestic construction projects
[New] SME Cash Grant 2026 (November 2026)
- $500 per local employee for eligible SMEs, capped at $2,500 per SME
[New] Rental support for stalls in market and hawker centres managed by Government and Government-appointed operators (September 2026 – February 2027)
- $1,200 per cooked food stall and $600 per market stall disbursed over six months