Government Revenues in Singapore decreased to 7588.80 SGD Million in October from 10425.80 SGD Million in September of 2025. This dataset provides - Singapore Government Revenues- actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2023, government revenue in Singapore amounted to **** percent of the nation's gross domestic product (GDP). This figure represents an increase of more than two percent compared to the previous year.

Dataset from Singapore Department of Statistics. For more information, visit https://data.gov.sg/datasets/d_ded25bc32d6ae32d99e7de7830a7a6fc/view

In 2021, the tax revenue received in Singapore amounted to approximately 55.65 billion U.S. dollars. Singapore's revenue from taxes had been increasing in the last ten years, despite the decline in 2020.

Singapore SG: Revenue and Grants: Revenue: Tax Revenue data was reported at 58,662.973 SGD mn in 2017. This records an increase from the previous number of 55,639.600 SGD mn for 2016. Singapore SG: Revenue and Grants: Revenue: Tax Revenue data is updated yearly, averaging 18,699.000 SGD mn from Mar 1973 (Median) to 2017, with 45 observations. The data reached an all-time high of 58,662.973 SGD mn in 2017 and a record low of 1,208.000 SGD mn in 1973. Singapore SG: Revenue and Grants: Revenue: Tax Revenue data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Singapore – Table SG.World Bank.WDI: Government Revenue, Expenditure and Finance. Tax revenue refers to compulsory transfers to the central government for public purposes. Certain compulsory transfers such as fines, penalties, and most social security contributions are excluded. Refunds and corrections of erroneously collected tax revenue are treated as negative revenue.; ; International Monetary Fund, Government Finance Statistics Yearbook and data files.; ;

Government Spending in Singapore increased to 15632.70 SGD Million in the third quarter of 2025 from 14225.90 SGD Million in the second quarter of 2025. This dataset provides - Singapore Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Singapore SG: General Government: Revenue: % of GDP data was reported at 21.908 % in 2023. This records an increase from the previous number of 21.719 % for 2022. Singapore SG: General Government: Revenue: % of GDP data is updated yearly, averaging 22.061 % from Dec 1990 (Median) to 2023, with 34 observations. The data reached an all-time high of 34.832 % in 1997 and a record low of 17.376 % in 2009. Singapore SG: General Government: Revenue: % of GDP data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Singapore – Table SG.IMF.FM: Government Finance Statistics.

Singapore: Government spending, billion USD: The latest value from 2024 is 57.99 billion U.S. dollars, an increase from 50.54 billion U.S. dollars in 2023. In comparison, the world average is 78.89 billion U.S. dollars, based on data from 100 countries. Historically, the average for Singapore from 1960 to 2024 is 12.08 billion U.S. dollars. The minimum value, 0.05 billion U.S. dollars, was reached in 1960 while the maximum of 57.99 billion U.S. dollars was recorded in 2024.

Singapore SG: Revenue and Grants: Revenue: Tax Revenue: % of GDP data was reported at 13.708 % in 2017. This records an increase from the previous number of 13.309 % for 2016. Singapore SG: Revenue and Grants: Revenue: Tax Revenue: % of GDP data is updated yearly, averaging 14.669 % from Mar 1973 (Median) to 2017, with 45 observations. The data reached an all-time high of 18.923 % in 1983 and a record low of 11.612 % in 2006. Singapore SG: Revenue and Grants: Revenue: Tax Revenue: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Singapore – Table SG.World Bank.WDI: Government Revenue, Expenditure and Finance. Tax revenue refers to compulsory transfers to the central government for public purposes. Certain compulsory transfers such as fines, penalties, and most social security contributions are excluded. Refunds and corrections of erroneously collected tax revenue are treated as negative revenue.; ; International Monetary Fund, Government Finance Statistics Yearbook and data files, and World Bank and OECD GDP estimates.; Weighted average;

In the financial year 2023, the Singapore government planned to spend *** billion Singapore dollars on information communications technology spending. This was a decrease of *** billion Singapore dollars from the financial year 2022.

Interest payments (% of revenue) in Singapore was reported at 0.418 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Singapore - Interest payments (% of revenue) - actual values, historical data, forecasts and projections were sourced from the World Bank on November of 2025.

The budget balance in relation to the gross domestic product (GDP) in Singapore was approximately 4.43 percent in 2024. Between 1990 and 2024, the budget balance rose by around 2.46 percentage points, though the increase followed an uneven trajectory rather than a consistent upward trend. The budget balance is forecast to decline by about 2.12 percentage points from 2024 to 2030, fluctuating as it trends downward.The indicator describes the general government net lending / borrowing, which is calculated as revenue minus total expenditure. The International Monetary Fund defines the general government expenditure as consisting of total expenses and the net acquisition of nonfinancial assets. The general government revenue consists of the revenue from taxes, social contributions, grants receivable, and other revenue.

In 2024, the ratio of government expenditure to GDP in Singapore amounted to about 14.51 percent. Between 1990 and 2024, the figure dropped by approximately 0.55 percentage points, though the decline followed an uneven course rather than a steady trajectory. From 2024 to 2030, the ratio will rise by around 3.04 percentage points, showing an overall upward trend with periodic ups and downs.Shown here is the general government expenditure as a share of the national gross domestic product. As defined by the International Monetary Fund, the general government expenditure consists of total expense and the net acquisition of nonfinancial assets. The gross domestic product represents the total value of final goods and services produced during a year.

Singapore: Government spending as percent of GDP: The latest value from 2024 is 10.59 percent, an increase from 10 percent in 2023. In comparison, the world average is 14.67 percent, based on data from 101 countries. Historically, the average for Singapore from 1960 to 2024 is 10.17 percent. The minimum value, 7.53 percent, was reached in 1960 while the maximum of 13.39 percent was recorded in 1985.

Singapore SG: Grants and Other Revenue: % of Revenue data was reported at 27.929 % in 2017. This records an increase from the previous number of 26.990 % for 2016. Singapore SG: Grants and Other Revenue: % of Revenue data is updated yearly, averaging 34.705 % from Mar 1973 (Median) to 2017, with 45 observations. The data reached an all-time high of 53.989 % in 1988 and a record low of 22.293 % in 2013. Singapore SG: Grants and Other Revenue: % of Revenue data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Singapore – Table SG.World Bank: Government Revenue, Expenditure and Finance. Grants and other revenue include grants from other foreign governments, international organizations, and other government units; interest; dividends; rent; requited, nonrepayable receipts for public purposes (such as fines, administrative fees, and entrepreneurial income from government ownership of property); and voluntary, unrequited, nonrepayable receipts other than grants.; ; International Monetary Fund, Government Finance Statistics Yearbook and data files.; Median;

Singapore SG: Revenue and Grants: Revenue: Taxes on Income: Profits and Capital Gains: % of Revenue data was reported at 32.362 % in 2017. This records a decrease from the previous number of 32.651 % for 2016. Singapore SG: Revenue and Grants: Revenue: Taxes on Income: Profits and Capital Gains: % of Revenue data is updated yearly, averaging 30.146 % from Mar 1973 (Median) to 2017, with 45 observations. The data reached an all-time high of 36.904 % in 1976 and a record low of 19.109 % in 1988. Singapore SG: Revenue and Grants: Revenue: Taxes on Income: Profits and Capital Gains: % of Revenue data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Singapore – Table SG.World Bank: Government Revenue, Expenditure and Finance. Taxes on income, profits, and capital gains are levied on the actual or presumptive net income of individuals, on the profits of corporations and enterprises, and on capital gains, whether realized or not, on land, securities, and other assets. Intragovernmental payments are eliminated in consolidation.; ; International Monetary Fund, Government Finance Statistics Yearbook and data files.; Median;

In financial year 2025, the Singapore government allocated an estimated**9 percent of their budget to the Ministry of Defense. By comparison, the Ministry of Education is estimated to receive **** percent of the government expenditure in that year.

Singapore SG: Revenue and Grants: Revenue: Other Taxes: % of Revenue data was reported at 16.810 % in 2017. This records a decrease from the previous number of 17.190 % for 2016. Singapore SG: Revenue and Grants: Revenue: Other Taxes: % of Revenue data is updated yearly, averaging 14.604 % from Mar 1973 (Median) to 2017, with 45 observations. The data reached an all-time high of 20.136 % in 2014 and a record low of 8.360 % in 2002. Singapore SG: Revenue and Grants: Revenue: Other Taxes: % of Revenue data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Singapore – Table SG.World Bank.WDI: Government Revenue, Expenditure and Finance. Other taxes include employer payroll or labor taxes, taxes on property, and taxes not allocable to other categories, such as penalties for late payment or nonpayment of taxes.; ; International Monetary Fund, Government Finance Statistics Yearbook and data files.; Median;

Dataset from Singapore Customs. For more information, visit https://data.gov.sg/datasets/d_a193b9d2ca09a24e21190a1573fa01ab/view

The statistic depicts the forecasted business and government spending on tech goods and services in Singapore from 2013 to 2015 and a forecast from 2016 to 2018. For 2018, the forecasted business and government spending on tech goods and services in Singapore is approximately ** billion U.S. dollars.