Singapore’s Parliament has approved Budget 2026, the largest in the country’s history. The government says the plan will help the nation face global uncertainty and invest in technology, families, and economic growth.
Singapore’s Parliament has officially passed Budget 2026 after two weeks of debates. The announcement was made on 6 March 2026 by Leader of the House and Minister Indranee Rajah during her closing speech at the Committee of Supply debates.
The budget includes more than $200 billion in total spending. This consists of $158.9 billion for the Main Estimates and $49 billion for the Development Estimates. It is the largest annual budget ever approved in Singapore.
In her speech, Indranee Rajah said the budget was created to help Singaporeans face a changing and uncertain world. She explained that global stability has weakened due to rising geopolitical tensions and countries taking more unilateral actions. She added that the international system that supported peace and prosperity for decades is now under pressure.
Budget 2026 focuses strongly on artificial intelligence (AI). The government plans to use AI as a strategic advantage and encourage nationwide adoption of the technology. The aim is to help Singaporeans benefit from new opportunities created by digital innovation.
The budget also supports a refreshed economic strategy to create jobs and help workers adapt to future industries. At the same time, it includes stronger support for families and social programs.
One issue highlighted in the budget is Singapore’s declining Total Fertility Rate, which has reached a historic low of 0.87. The government plans to launch a national “Marriage and Parenthood Reset” to support couples who want to start families.
Rajah noted that Singapore remains in a strong financial position. The country expects a budget surplus of $15.1 billion for the 2025 financial year. She said this reflects years of careful financial planning and fiscal discipline.
However, she also warned that global events can change quickly. She pointed to recent developments such as trade tensions involving the United States, conflict between Pakistan and Afghanistan, and rising tensions in the Middle East. These events may affect global trade, energy prices, and living costs.
Rajah said Singapore’s reserves and fiscal planning help protect the country during uncertain times. She reminded Parliament that the government had to deliver several additional budgets during the COVID-19 pandemic and used about $40 billion from past reserves.
During the closing remarks, Rajah thanked Members of Parliament from both the government and opposition for participating in the debate. A total of 68 members spoke during the main budget debate, and discussions lasted about 21 hours. The Committee of Supply debates covered 425 budget cuts and lasted nearly 55 hours.
She also thanked the Speaker of Parliament and parliamentary staff for managing the long sessions and ensuring the debates were conducted fairly and smoothly.
Rajah concluded by saying that Singapore’s political system and responsible leadership remain key to maintaining stability and progress as the country prepares for future challenges.
Source: PMO
