Budget 2026 debate: No 'jobless growth' in Singapore even as AI reshapes economy, says PM Wong
CNA
The government will invest “more deliberately and more systematically” in Singaporeans, said the prime minister.
SINGAPORE: There will be no “jobless growth” in Singapore amid the powerful force of artificial intelligence reshaping the economy, said Prime Minister Lawrence Wong in parliament on Thursday (Feb 26).
In his round-up speech after a three-day debate on Budget 2026, Mr Wong said that Singapore will exploit AI to grow the economy.
It will also ensure that growth translates to good jobs and better wages, said Mr Wong, who is also the finance minister.
“That's how we give every Singaporean confidence to progress in the future.”
In his Budget speech earlier this month, Mr Wong announced that he will chair a new National AI Council to drive Singapore’s AI agenda.
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Electricity prices are expected to increase in the coming months, but the government stands ready to support households and businesses as necessary, said the Minister-in-charge of Energy and Science & Technology.