Building a Future-Ready Singapore:
Transformation | Technology | Trust
Singapore Budget 2026 recommendations
The Singapore 2026 Budget Statement will be delivered on 12 February 2026 by Prime Minister and Minister for Finance Mr Lawrence Wong. Stay tuned for our analysis and insights.
Singapore stands at a pivotal juncture amidst global transformation, evolving trade dynamics and rapid technological advancement.
To safeguard future competitiveness and resilience, we must reinforce our economic foundations and proactively adapt to emerging opportunities and risks.
This Budget outlines recommendations to build a Future-Ready Singapore — globally competitive, sustainable and inclusive — by enabling businesses to leverage technology, expand overseas, decarbonise and uphold social responsibility.
Jointly published with the Singapore Business Federation
Read our Singapore Budget 2026 recommendations
Explore the five key themes from our joint recommendations
- Ease resource constraints
- Break growth bottlenecks
- Strengthen hub status
- Capture new flows
- Build an inclusive Singapore
Ease resource constraints
Businesses must navigate a high-cost environment driven by resource constraints that challenge their viability and transformation efforts. Our recommendations focus on boosting senior employment, enhancing flexibility in foreign manpower management to address manpower shortages, implementing targeted measures to ease decarbonisation transition costs and alleviate overall business cost pressures on local enterprises.
Break growth bottlenecks
To accelerate innovation-led and scalable growth, our recommendations seek to broaden technology adoption across enterprises, with a focus on empowering SMEs through targeted R&D incentives and accelerating AI adoption. We believe the green transition presents opportunities, but businesses need to be better guided and supported. Businesses also need help adapting to the more complex global trade environment and be encouraged to scale inorganically through M&A.
Strengthen hub status
Singapore’s global hub status for headquarters activities and asset management is facing rising competition and global regulatory changes. To stay competitive, our recommendations focus on modernising tax incentives, enhancing workforce flexibility for HQs of service providers, and supporting innovation in asset and wealth management.
Capture new flows
To sustain its role as a global hub, Singapore must not only compete for traditional cross-border flows of trade, investment, and talent, but also develop new capabilities to capture emerging opportunities in innovation and the green economy—especially as it prepares to chair ASEAN in 2027. Our recommendations seek to build Singapore into an IP Financing Hub and Carbon Credit Trading Hub and contribute towards ASEAN economic integration.
Build an inclusive Singapore
To foster an inclusive and resilient Singapore, businesses should play a greater role in social sustainability by supporting vulnerable communities and promoting workforce harmony. Our recommendations seek to catalyse business participation in CSR activities with a focus on corporate volunteering and supporting employment of vulnerable groups, as well as stepping up efforts to foster integration of foreign professionals at workplaces.
Contact us
Marcus Lam
Executive Chairman, PwC Singapore
Patrick Yeo
Paul Pak
Kwek SoCheer
Anthony Dias
Luke Soon
Ronald Chung
Workforce Asia Pacific Leader and Workforce Transformation Partner, South East Asia Consulting, PwC Singapore
+65 9660 5011
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