How the Singapore Government is spending its dollars in 2015

Here is a breakdown on how the Singapore Government is allocating its finances in 2015. For FY2015, the Overall Budget Balance is projected to be a deficit of $6.7 billion or 1.7 per cent of GDP. However, this deficit will be covered by past surpluses with no draw on past reserves.

STRAITS TIMES GRAPHIC: RODOLFO PAZOS, YIME BENITES

Expenditure
Social development spending accounts for almost half of the Government's expenditure for 2015. Meanwhile, spending on public transport has also significantly increased.
Revenue
A large portion of the Government's operating revenue comes from corporate income tax. The Government announced this year that it will include Temasek Holdings as a contributor to its Net Investment Returns (NIR).
50 years of revenue and spending
Independent Singapore’s early Budgets allocated significant spending to develop the economy and build a First World infrastructure. In recent years, the Government has often been able to take in more than it has spent.