Singapore is required under the Constitution to keep to a balanced Budget over each term of Government. For financial year 2017, the overall Budget balance is projected to be a surplus of $1.91 billion.
For 2017, total expenditure is estimated to be 5.2% higher than 2016 mainly due to increases in spending on national development, environment, water resources, healthcare and home affairs.
In 2016, the estimated overall surplus was $3.45b but was revised to $5.18b due to slower-than-expected expenditure growth.
Source: Ministry of Finance
Note: Figures for financial year 2017 are estimated. Figures for financial year 2016 are revised.