sg budget


All you need to know about SG Budget, and more!


All you need to know about SG Budget, and more!


To help SMEs get up to speed with SG Budget, we have curated these resources to bring you timely updates and business insights. The 2021 Budget Statement was delivered on 16 February 2021 by Deputy Prime Minister and Minister for Finance, Mr Heng Swee Keat. Watch the broadcast here or check out the highlights and what it means for businesses here

SG Budget Research and Insights

To support Singapore’s recovery process, the government has decided to go for another fiscal push. Beyond near-term targeted measures to help companies, significant focus has been placed to drive longer term economic transformation. Read on for full insights by our Senior Economist, Irvin Seah.

Slightly more than a year in, how are businesses responding to the pandemic and what are the areas of support expected from the upcoming Budget? Our Group Head of DBS SME Banking, Joyce Tee, shares her view on what it takes for our SMEs to emerge from the ongoing storm in a stronger position. 

In the latest DBS SME Pulse Check Survey, around six in 10 micro and small businesses cited responsibility towards protecting employee livelihoods as the main motivator for sustaining their business. Read on for more insights and how DBS is stepping up with more resources to support our community.

The economic doldrums from 2020 is gradually giving way to hope and an optimism of recovery for 2021. GDP growth is expected to register 5.5% in 2021 while inflation should average 0.9% but what are the other signs of a recovery scenario we should be looking out for? Read on for full report by our Senior Economist, Irvin Seah; FX Strategist, Philip Wee and Rates Strategist Eugene Leow. 

Economist View: Coming off the worst recession since Independence and having put forth an unprecedented fiscal response amounting to SGD 92.9bn to mitigate against the impact of the pandemic, hope is high that policymakers will sustain the fiscal support in the upcoming budget despite the turnaround in the economy. Read on for more insights by our Senior Economist, Irvin Seah. 
SG Budget and You

Take our poll!
Did you have to tap on your personal savings to keep your business afloat? What motivated you to keep going? Join business owners in sharing your views here and here


Register for post Budget events
Join us as we partner with trade associations to deliver more insights and what SG Budget 2021 means for your business this year. How will Budget impact and help your business? What are the measures, grants and subsidies you should know? 

  1. With Singapore Chinese Chamber of Commerce & Industry
    • Date: Friday, 19 February 2021
    • Time: 10am – 12pm
    • Highlights: Get an in-depth view of the Singapore economy and where the opportunities are, while being updated on Budget 2021 measures and its impact to your business.
    • Speakers: Irvin Seah, Senior Economist, DBS Bank; Tan Bao Jia, Head (Economic Programme), Ministry of Finance; Dr Wilson Chew, Partner (Strategy), Entrepreneurial and Private Business, PwC; Chia Kim Huat, Chairman, Research & Publications Committee, SCCCI

    Download programme
    Check back here for the webinar recording

  2. With Singapore Business Federation
    • Date: Tuesday, 9 March 2021
    • Time: 4pm-6pm
    • Highlights: Apart from the measures to support companies and workers under the COVID-19 Resilience Package, SG Budget 2021 includes new measures in line with the theme of Emerging Stronger Together, to build new capabilities with Skilled Workers and Innovative Businesses. This webinar aims to elaborate the key new measures for businesses announced in Budget 2021 and address any clarifications that your business might have. 
    • Speakers: Opening Remarks by Deputy Prime Minister Mr Heng Swee Keat; Economic & Business Outlook 2021 by Mr Irvin Seah, Executive Director, DBS Bank, Highlights of Budget 2021 by Ministry of Finance and a Panel Discussion that will be moderated by Mr Lam Yi Young, Chief Executive Officer, SBF

    Download programme
    Register now



Join DBS BusinessClass for more insights!
DBS BusinessClass is an engagement programme by DBS SME banking, designed for the business community to access opportunities of growth – both in business and capabilities. Members are given exclusive access to business thought leadership, market insights, and industry trends that’s delivered at our signature Disrupt series of events held across the region. Connect with over 400,000 entrepreneurs and business experts in the region – sign up here