How Budget 2023 Benefits You As An SME Owner

Riddled with uncertainties, rising prices of raw materials, and manpower shortage, the past few years have been challenging. So, it’s no surprise that when the Budget 2023 was announced recently, many business owners were anticipating how it could help them regain the competitive edge required to advance their business.

Initiatives from Budget 2023 continue to focus on helping micro, small, and medium enterprises (MSMEs) recover their momentum in the aftermath of a pandemic. Efforts to encourage digitalisation, innovation, women, youth, and micro entrepreneurship can be expected.     

Read on to discover more highlights from the budget announcement.

Through tax reliefs, financing, grants, and other initiatives to support businesses, Budget 2023 perpetuates the nation’s road to economic recovery. Whether your business plans for this year involve shifting your operations online or expanding with the help of financing, your goals may be supported by the Budget 2023.

If you’re thinking of going digital, do check out UOB SmartBusiness, a suite of digital solutions carefully curated and designed to help your business enjoy greater efficiency and savings.