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$8.3 bil package to help Singapore companies, economy grow over the next 3 years: DPM Heng

Amala Balakrishner
Amala Balakrishner • 3 min read
$8.3 bil package to help Singapore companies, economy grow over the next 3 years: DPM Heng
“Even as our enterprises compete to differentiate themselves, they must come together to solve common challenges,” says DPM Heng.
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SINGAPORE (Feb 18): The Singapore government will allocate $8.3 billion to spur enterprises and develop Singapore’s economy over the next three years, says Deputy Prime Minister and Minister for Finance Heng Swee Keat in his Budget speech on Tuesday.

Heng explains that the fund – which includes the amounts allocated in previous years – will be deployed under three main thrusts: enabling stronger partnerships, deepening enterprise capabilities and developing people.

“As a small, open economy, we must continue to strengthen partnerships with the world,” says Heng.

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