Budget boosts competitiveness

Competitiveness is about the ability of our businesses to compete successfully in international markets. It is also about our capability to attract quality investments and talent.

Combined, improved trade and investment expand employment, wages and the prosperity of the nation.

Competitiveness has two sets of determinants — macro-economic factors and micro-economic conditions. How does the 2021 Budget impact these factors to enhance our nation's competitiveness?

At the macro level, monetary and fiscal policies play a crucial role in ensuring the economic stability to keep businesses afloat amid the pandemic. Economic stability will also be a weighty source of confidence for foreign investments.