SkillsFuture

SINGAPORE BUDGET 2026

Budget 2026: S$3.6 billion in PWCS funding helped 110,000 employers give wage increases from 2022 to 2024

The median monthly raise supported by the scheme was about S$250, across more than 710,000 workers

MOM is engaging providers such as Google, Manus, Microsoft and OpenAI, under its move to provide six months of free subscriptions to AI tools to those who take up selected SkillsFuture courses.
SINGAPORE BUDGET 2026

Budget 2026: Merged statutory board Workforce and Skills Singapore to be formed in Q3

The merger recognises that the operating context has changed significantly since 2016, when SSG and WSG were formed

From H2 2026, all institutes of higher learning will offer selected AI-related courses for alumni at a significant discount for one year.
SINGAPORE BUDGET 2026

Budget 2026: New SME AI Skills Launchpad to help businesses elevate AI awareness, adopt solutions

A new self-diagnostic tool will also be launched to help workers assess their AI readiness level and training needs

The government has been strengthening measures to enhance workers’ career resilience and support career transitions, says Senior Minister of State for Manpower Koh Poh Koon.

S$10 billion invested in workforce initiatives over past five years: MOM

Long-term unemployment rate for PMETs remains within the range observed during non-recessionary periods

The new agency will enable “more seamless end-to-end career and employment services for Singaporean workers”, note MOM and MOE.
SINGAPORE BUDGET 2026

Budget 2026: SkillsFuture Singapore, Workforce Singapore to be merged into new statutory board

New entity will be jointly overseen by manpower and education ministries

The guidelines will apply to new courses that aim to develop skills currently in demand as well as renewals seeking SkillsFuture funding.

Training providers face tougher SkillsFuture funding criteria to prioritise industry-relevant skills

New guidelines apply to 500 training providers delivering about 9,500 courses

SkillsFuture credits can be used to pay for approved courses. One way to maximise the credits is to stack it with other funding.
MONEY MATTERS

Taking stock of finances before 2025 ends

Six areas to look into when reviewing money decisions

The move aims to ensure that course information is accurate and transparent, as well as safeguard learners’ interests and help them make informed choices.

SkillsFuture trainers to be banned from using third-party marketing from Dec 1

It is only allowed under collaborations with designated intermediaries

Over 36,000 Singaporeans used their SkillsFuture Credit (Mid-Career), with claims amounting to over S$24 million for the period of May 1, 2024 to Apr 30, 2025.

Over half of SkillsFuture Career Transition trainees land jobs within six months

The number of individuals enrolling in the programme has grown six times in the first year of implementation

As more Singaporeans attain degrees and diplomas, and non-traditional work models like freelancing, digital nomadism and side hustles rise, traditional paper qualifications are no longer sufficient proof that a candidate can contribute, be productive and solve problems.
PERSPECTIVE

Skills first, degree second: Redefining success in learning and working

As the global economy outlook remains uncertain, what we can do now increasingly matters more than qualifications we hold