Revenue & Expenditure

Analysis Of Revenue And Expenditure ( 1286kb, 107kb)

Revenue And Expenditure Estimates


View and download individual Revenue And Expenditure Estimates or complete set in zip format.

Overall Budget Balance


Revised FY2016
Estimated FY2017
Change over Revised FY2016
$billion
$billion
$billion
% change
OPERATING REVENUE
68.67
69.45
0.78
1.1
Corporate Income Tax
13.45
13.63
0.19
1.4
Personal Income Tax
10.48
10.74
0.26
2.5
Withholding Tax
1.46
1.30
(0.17)
(11.3)
Statutory Boards' Contributions
0.78
0.25
(0.52)
(67.4)
Assets Taxes
4.37
4.41
0.04
1.0
Customs and Excise Taxes
2.75
3.13
0.38
13.9
Goods and Services Tax
10.85
11.25
0.40
3.7
Motor Vehicle Taxes
2.31
2.73
0.42
18.2
Vehicle Quota Premiums
6.86
6.52
(0.34)
(5.0)
Betting Taxes
2.69
2.72
0.03
1.0
Stamp Duty
2.94
2.73
(0.21)
(7.1)
Other Taxes
6.11
6.48
0.38
6.2
Other Fees and Charges
3.13
3.26
0.12
4.0
Others
0.50
0.30
(0.20)
(40.0)
Less:
TOTAL EXPENDITURE1
71.39
75.07
3.68
5.2
Operating Expenditure
52.68
56.30
3.62
6.9
Development Expenditure
18.71
18.77
0.06
0.3
PRIMARY SURPLUS / DEFICIT2
(2.72)
(5.62)
Less:
SPECIAL TRANSFERS3
6.47
6.58
0.11
1.8
Special Transfers Excluding Top-ups to
Endowment and Trust Funds
2.87
2.57
GST Voucher Special Payment4
0.28
0.28
Service and Conservancy Charges Rebates
0.09
0.12
CPF Medisave Top-ups
0.10
0.10
Productivity and Innovation Credit
0.98
0.76
Temporary Employment Credit
0.78
0.39
Wage Credit Scheme
0.63
0.91
Other Transfers5
0.02
0.02
BASIC SURPLUS / DEFICIT4
(5.59)
(8.19)
Top-ups to Endowment and Trust Funds
3.60
4.01
GST Voucher Fund
-
1.50
National Productivity Fund
-
1.00
Top-up to Endowment Funds5
-
0.70
National Research Fund
1.50
0.50
Special Employment Credit Fund
1.10
0.16
Cultural Matching Fund
-
0.15
Changi Airport Development Fund
1.00
-
Add:
NET INVESTMENT RETURNS CONTRIBUTION
14.37
14.11
(0.26)
(1.8)
OVERALL BUDGET SURPLUS / DEFICIT
5.18
1.91

Note: Due to rounding, figures may not add up. Negative figures are shown in parentheses.

  • 1 Please refer to the Analysis of Revenue and Expenditure for the breakdown of total expenditure by sectors.
  • 2 Surplus / Deficit before Special Transfers and Net Investment Returns Contribution.
  • 3 Special Transfers including Top-ups to Endowment and Trust Funds.
  • 4 The GST Voucher Special Payment committed in Budget 2016 and Budget 2017 comprises the GST Voucher – Cash Special Payment.
  • 5 Consists of Growth Dividends, GST Credits, Productivity and Innovation Credit Bonus, Rebate for School Buses, SME Cash Grant, Top-ups to Child Development Accounts, and funding for Self-Help Groups and Voluntary Welfare Organisations.
  • 4 Surplus / Deficit before Top-ups to Endowment and Trust Funds, and Net Investment Returns Contribution.
  • 5 Consists of the Community Care Endowment Fund and Medical Endowment Fund.

Last updated on 20 Feb 2017
 
Privacy Statement | Terms of Use

  © 2017 Government of Singapore


                   Best viewed using IE 11, Firefox 27, Chrome 22, and Safari 7 and above, screen resolution 1024 x 768