Government Spending in Singapore increased to 16106 SGD Million in the second quarter of 2025 from 14230.50 SGD Million in the first quarter of 2025. This dataset provides - Singapore Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.

In 2018, the Singapore government spent around **** percent of their budget on the social sector. This included both education, and health spending, among others.

Singapore recorded a Government Budget deficit equal to 1.60 percent of the country's Gross Domestic Product in 2023. This dataset provides - Singapore Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Singapore SG: General Government: Expenditure: % of GDP data was reported at 20.072 % in 2023. This records an increase from the previous number of 19.929 % for 2022. Singapore SG: General Government: Expenditure: % of GDP data is updated yearly, averaging 17.649 % from Dec 1990 (Median) to 2023, with 34 observations. The data reached an all-time high of 21.579 % in 2001 and a record low of 13.593 % in 1994. Singapore SG: General Government: Expenditure: % 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.

In financial year 2025, the Singapore government allocated an estimated 19 percent of their budget to the Ministry of Defense. By comparison, the Ministry of Education is estimated to receive 12.4 percent of the government expenditure in that year.

Singapore recorded a government budget surplus of 8644.90 SGD Million in August of 2025. This dataset provides - Singapore Government Budget Value - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In financial year 2025, the total government expenditure on education was estimated at **** billion Singapore dollars. Singapore needs to invest in its education system, as it relies on a skilled and educated workforce to support its economy. Investing in its most important resource Lacking in land and natural resources, Singapore’s most important resource is its people. Improvements and investments in the education system were necessary to build up a workforce capable of transitioning from a manufacturing-based economy to a highly diversified, services-based economy. These investments led to an increase in years of schooling in the population, as well as improvements in educational attainment. Preparing for industry 4.0 Singapore’s education system places heavy emphasis on STEM subjects. Students from Singapore tend to excel in the PISA tests in science and mathematics. However, to remain competitive in a smart technology-based economy, Singapore needs to do more to foster creativity and risk-taking. More too needs to be done to ensure that certain sectors of society still receive quality education, in order to not be left behind. As of financial 2025, education spending on polytechnics and ITES, considered to be less prestigious and academically rigorous options for post-secondary education, was considerably less than that for universities.

Government expenditure on education, total (% of GDP) in Singapore was reported at 2.1879 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Singapore - Public spending on education, total (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.

In financial year 2025, the Government of Singapore estimated approximately **** billion Singapore dollars for expenditure in the health sector. Government expenditure on health in Singapore has been gradually increasing in the past decade, and remained high after the COVID-19 pandemic.

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.

Dataset from Singapore Department of Statistics. For more information, visit https://data.gov.sg/datasets/d_fa81cdad2b8e8d0d5ac6d97b992ea8e1/view

Government expenditure on education, total (% of government expenditure) in Singapore was reported at 12.86 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Singapore - Public spending on education, total (% of government expenditure) - actual values, historical data, forecasts and projections were sourced from the World Bank on October of 2025.

Dataset from Singapore Department of Statistics. For more information, visit https://data.gov.sg/datasets/d_a40c83a6f36893fc4611eda91f84eb6b/view

Dataset from Ministry of Finance. For more information, visit https://data.gov.sg/datasets/d_00f95040967791729d51bd7cd6af2355/view

Government budget, revenue, and expenditure data for Singapore

Government expenditure, billion currency units in Singapore, June, 2025 The most recent value is 16.87 billion Singapore Dollar as of Q2 2025, a decline compared to the previous value of 22.45 billion Singapore Dollar. Historically, the average for Singapore from Q1 1975 to Q2 2025 is 5.74 billion Singapore Dollar. The minimum of 0.28 billion Singapore Dollar was recorded in Q2 1975, while the maximum of 23.84 billion Singapore Dollar was reached in Q1 2024. | TheGlobalEconomy.com

Singapore SG: Expenditure: % of GDP data was reported at 14.876 % in 2017. This records a decrease from the previous number of 16.130 % for 2016. Singapore SG: Expenditure: % of GDP data is updated yearly, averaging 15.359 % from Mar 1973 (Median) to 2017, with 45 observations. The data reached an all-time high of 27.031 % in 1988 and a record low of 10.905 % in 1995. Singapore SG: Expenditure: % 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. Expense is cash payments for operating activities of the government in providing goods and services. It includes compensation of employees (such as wages and salaries), interest and subsidies, grants, social benefits, and other expenses such as rent and dividends.; ; International Monetary Fund, Government Finance Statistics Yearbook and data files, and World Bank and OECD GDP estimates.; Weighted average;

Public spending on education as a share of GDP of Singapore dropped by 12.10% from 2.5 % in 2022 to 2.2 % in 2023. Since the 5.13% jump in 2021, public spending on education as a share of GDP plummeted by 22.55% in 2023. Public expenditure on education as % of GDP is the total public expenditure (current and capital) on education expressed as a percentage of the Gross Domestic Product (GDP) in a given year. Public expenditure on education includes government spending on educational institutions (both public and private), education administration, and transfers/subsidies for private entities (students/households and other privates entities).