Budget 2026: Calibrated manpower tweaks likely, not sweeping changes
Calls from business groups must be balanced against longer-term manpower challenges and fiscal constraints, a labour academic says
Add BT as a preferred source
[SINGAPORE] The Republic’s upcoming Budget is unlikely to bring sweeping manpower changes, with economists and industry experts expecting targeted adjustments focused on migrant labour access, workforce transformation and support for different worker segments.
Ahead of the Feb 12 Budget statement to be delivered in Parliament, the Ministry of Finance had called for public feedback on priorities such as advancing the economy, securing good jobs and strengthening social support, with business groups flagging manpower-related cost pressures among their key concerns.
Prime Minister Lawrence Wong said in a video released on Tuesday (Jan 27) that his team has heard Singaporeans’ aspirations and concerns about an “uncertain external environment”, including the impact of technology and artificial intelligence (AI) on jobs, as well as rising cost pressures.
TRENDING NOW
Think twice about rebuilding that old landed property into a super-big house to max out GFA
SpaceX’s US$1.75 trillion IPO: How retail investors, including those in Singapore, can buy shares
Yeo’s, Tiger Beer and now Gardenia – flight of food manufacturing from Singapore might be just as planned
Battle for Asia’s ultra-rich: ‘Singapore can’t afford to keep losing clients to Dubai, Hong Kong’
