Singapore's government unveiled its 2026 fiscal budget on February 12th, projecting a SG$8.5 billion surplus, a decrease from the revised expected SG$15.1 billion surplus for the prior fiscal year.

The recent surplus outlook amounts to 1% of the city-state's GDP, according to a Thursday government release.

The government also issued a 40% corporate tax rebate, with at least one local employee eligible to receive a minimum benefit of SG$1,500. The maximum rebate is capped at SG$30,000.

Meanwhile, SG$1 billion was allocated for growth-stage funding, in a bid to enhance Startup SG Equity. Concurrently, an SG$1.5 billion tranche of the Anchor Fund was reserved for listings.

On the labor front, the local qualifying salary was raised to SG$1,800 for full-time local employees, according to the release.