Singapore to admit 40,000 permanent residents annually to boost workforce

The government of Singapore has announced plans to admit up to 40,000 permanent residents each year over the next five years as part of efforts to address slowing population growth and future labour demands.

The announcement was made by Gan Kim Yong during the Budget 2026 Committee of Supply debate in Singapore Parliament.

He noted that the projected intake would represent a modest increase from the 35,000 permanent residents granted last year.

According to Gan, the country’s immigration policy will remain flexible and adjusted based on demographic realities and economic needs.

He stressed the importance of preserving a stable citizen base while gradually expanding it to sustain economic dynamism and social balance.

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Gan also revealed that Singapore’s permanent resident population has remained steady at about 540,000 in recent years, adding that permanent residency continues to serve as a key route to citizenship.

In addition, the government expects to grant between 25,000 and 30,000 citizenships annually within the same period, depending on fertility rates and broader demographic trends.

He explained that the number of permanent residents admitted each year would depend on factors such as applicant suitability, population needs, and available infrastructure.

The move forms part of Singapore’s broader strategy to balance economic growth with demographic challenges, including an ageing population and low birth rates.