What the Budget tells us about Singapore's economic transformations

Over the years, Singapore’s Budgets have reflected the phase of economic development at home and external trends shaping the global economy. Here are some key policies that were rolled out over the decades, marking major turning points for the Singapore economy.

The Singapore Budget through the years
Drag the slider at the bottom of the chart to see Singapore’s key economic transformations and Budget announcements.
Surplus and deficit
As a result of careful budgeting, finance ministers have recorded more surpluses than deficits.
Sources: Past budget speeches, Ministry of Finance, The Straits Times' archives. Note: Numbers for Budget 2016 are estimated.