PM Lawrence Wong to deliver Singapore Budget 2026 on 12 February

 SINGAPORE – Prime Minister Lawrence Wong will deliver the 2026 Budget statement at 3.30pm on 12 February 2026 in Parliament, the Ministry of Finance (MOF) said in a statement on 29 January 2026.

The Budget will be presented by PM Wong in his capacity as Finance Minister. It is expected to outline the Government’s fiscal priorities amid cost pressures, global uncertainty, and rapid technological change affecting Singaporeans.

This will be the second Budget delivered under PM Wong’s leadership. The ruling People’s Action Party retained a dominant position in Parliament after securing 65.57 per cent of the popular vote in 2025 General Election.

Observers expect the 2026 Budget to set the tone for the new political term. It comes as Singapore navigates slower global growth prospects and adjustments to structural changes in the economy.

According to MOF, the Budget statement will be broadcast live on the Ministry of Digital Development and Information’s YouTube Parliament live stream. The broadcast will also be available on Mediacorp’s and SPH Media’s platforms.

PM Wong’s official YouTube channel will also carry the live speech. These arrangements aim to ensure wide public access to the Budget announcement, MOF said.

The Singapore Association for the Deaf will provide simultaneous sign language interpretation of the Budget statement on Mediacorp’s Channel 5. This is intended to ensure accessibility for the hearing-impaired community.

Real-time updates of key Budget announcements will be shared on MOF’s social media platforms during the speech. Singaporeans can also visit the MOF Budget website to receive the full Budget statement via e-mail after it has been delivered.

PM Wong is expected to address issues close to the hearts of Singaporeans. These include rising cost pressures, concerns about job security, and the broader impact of technology on the workforce.

He has previously highlighted the challenges posed by an uncertain external environment. This includes geopolitical tensions, shifting trade patterns, and the implications of artificial intelligence for productivity and employment.

In September 2025, PM Wong said government spending would increase as a share of Singapore’s gross domestic product. He noted that higher expenditure would be needed to meet rising social and economic needs.

These comments have shaped expectations that the 2026 Budget may involve expanded support measures. Analysts expect continued focus on households, workers, and businesses facing higher costs.

Ahead of the Budget, MOF had called for public feedback on national priorities. These included advancing the economy, securing good jobs, and strengthening social support systems.

Business groups responded by highlighting manpower-related cost pressures as a key concern. Rising wages and compliance costs have been cited as ongoing challenges, particularly for small and medium-sized enterprises.

Social support and workforce transformation are also expected to feature prominently. The Government has repeatedly stressed the need for lifelong learning and skills upgrading in response to technological disruption.

In a Facebook post on 27 January 2026, PM Wong said that every Budget involves “careful deliberation and responsible choices”. He added that his team and he had been listening to public concerns and would continue to do so.