Kok Ping Soon, chief executive officer of the Singapore Business Federation, says the Budget provides “clearer pathways to access new growth markets, anchor global value chains and build future-ready capabilities.” The establishment of a Prime Minister-chaired National AI Council and national AI Missions signals “a coordinated push to position Singapore as one of the world’s first AI-ready nations,” he adds.
Singapore’s latest AI measures signal a more structured push to embed artificial intelligence (AI) across the economy.
At Budget 2026, Prime Minister and Finance Minister Lawrence Wong announced the creation of a National AI Council, alongside sector-focused “AI missions” and expanded fiscal incentives to accelerate enterprise adoption and workforce transformation.
