Singapore's government announced an additional stimulus plan worth S$5.1 billion on April 6th to combat the coronavirus pandemic, just over a week after a huge support package was unveiled as the country braces for its worst recession. The measures include wage support, waiver of levies and one-off payments. Finance Minister Heng Swee Keat told parliament that the additional stimulus will increase the total spending on coronavirus relief to S$59.9 billion or 12 percent of GDP. The city-state will go into total lockdown for one month on April 7th to contain the spread of Covid-19, as the number of cases surpassed the 1,300 mark. source: Monetary Authority of Singapore

Government Budget in Singapore averaged 7.36 percent of GDP from 1990 until 2019, reaching an all time high of 21.23 percent of GDP in 1994 and a record low of -1.20 percent of GDP in 2015. This page provides - Singapore Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Singapore Government Budget - values, historical data and charts - was last updated on February of 2021.

Government Budget in Singapore is expected to reach -12.00 percent of GDP by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Singapore Government Budget is projected to trend around -6.70 percent of GDP in 2021 and 2.60 percent of GDP in 2022, according to our econometric models.

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Singapore Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
-0.30 0.40 21.23 -1.20 1990 - 2019 percent of GDP Yearly

Singapore Government Last Previous Highest Lowest Unit
Government Debt to GDP 126.30 112.20 126.30 67.40 percent [+]
Government Budget -0.30 0.40 21.23 -1.20 percent of GDP [+]
Government Budget Value -1597.60 437.10 17603.90 -10922.00 SGD Million [+]
Government Spending 14235.60 14803.70 14803.70 833.20 SGD Million [+]
Government Revenues 6246.20 12595.10 24579.90 1664.60 SGD Million [+]
Fiscal Expenditure 7843.80 12158.00 16654.70 2544.20 SGD Million [+]
Credit Rating 100.00 [+]
Military Expenditure 10458.00 10196.00 10458.00 845.00 USD Million [+]
Government Debt 690148.70 684763.90 690148.70 47443.50 SGD Million [+]

Singapore Government Budget
Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus.