Budget balance in relation to the GDP in Singapore 1990 to 2030

Fluctuating rise between 1990 and 2025
A comparison to the earliest shown observation from 1990 reveals a total increase by approximately 1.08 percentage points. The trajectory from 1990 to 2025 shows however that this increase did not happen continuously.

Fluctuating decline between 2025 and 2030
In 2030 the budget balance will be about 2.31 percent, according to forecasts. From 2025 onwards, there is an overall decrease by approximately 0.74 percentage points.

The indicator describes the general government net lending/borrowing which is calculated as revenue minus total expenditure. The International Monetary Fund defines the general government expenditure as consisting of total expense and the net acquisition of nonfinancial assets. The general government revenue consists of the revenue from taxes, social contributions, grants receivable, and other revenue.