Despite a “better-than-expected” revenue collection in the 2023 financial year, Singapore incurred a fiscal deficit of S$3.6 billion. Health, defence and transport were some components of public spending that drove up expenditure. For Budget 2024, the Government is expecting a small surplus of S$0.8 billion.
Despite a “better-than-expected” revenue collection in the 2023 financial year, Singapore incurred a fiscal deficit of S$3.6 billion. Health, defence and transport were some components of public spending that drove up expenditure.
For Budget 2024, the Government is expecting a small surplus of S$0.8 billion.
Singapore Deficit Revenue Spending Budget 2024
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