Government Spending in Singapore increased to 14803.70 SGD Million in the second quarter of 2020 from 12996.20 SGD Million in the first quarter of 2020. source: Statistics Singapore

Government Spending in Singapore averaged 5131.64 SGD Million from 1975 until 2020, reaching an all time high of 14803.70 SGD Million in the second quarter of 2020 and a record low of 833.20 SGD Million in the first quarter of 1975. This page provides - Singapore Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. Singapore Government Spending - values, historical data and charts - was last updated on October of 2020.

Government Spending in Singapore is expected to be 12434.00 SGD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Spending in Singapore to stand at 15366.00 in 12 months time. In the long-term, the Singapore Government Spending is projected to trend around 12994.00 SGD Million in 2021 and 13266.00 SGD Million in 2022, according to our econometric models.

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Singapore Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
14803.70 12996.20 14803.70 833.20 1975 - 2020 SGD Million Quarterly
Constant Prices, SA

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 -3346.20 1075.90 17603.90 -10922.00 SGD Million [+]
Government Spending 14803.70 12996.20 14803.70 833.20 SGD Million [+]
Government Revenues 8341.70 8499.10 24579.90 1664.60 SGD Million [+]
Fiscal Expenditure 11687.90 7423.20 16654.70 2544.20 SGD Million [+]
Credit Rating 100.00 [+]
Military Expenditure 10458.00 10196.00 10458.00 845.00 USD Million [+]
Government Debt 684763.90 656258.00 684763.90 47443.50 SGD Million [+]

Singapore Government Spending
Government Spending refers to public expenditure on goods and services and is a major component of the GDP. Government spending policies like setting up budget targets, adjusting taxation, increasing public expenditure and public works are very effective tools in influencing economic growth.