Singapore Forecast: Government Expenditure

1991 - 2031 | Yearly | SGD bn | International Monetary Fund

Key information about Singapore Forecast: Government Expenditure

  • Singapore Government Expenditure is forecasted to be 126.539 SGD bn in Mar 2026 as reported by International Monetary Fund.
  • It records an increase from the last reported number of 107.773 SGD bn in Mar 2025.
  • Looking ahead, Singapore Government Expenditure is projected to stand at 168.350 SGD bn in Mar 2031.
  • The data is updated yearly and is categorized in CEIC under World Trend Plus’s Country Forecast – Table IMF.WEO: General Government Total Expenditure.

View Singapore's Forecast: Government Expenditure from 1991 to 2031 in the chart:

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Singapore Forecast: Government Expenditure
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Singapore Forecast: Government Expenditure

What is Singapore's Forecast: Government Expenditure in 2031?

Singapore Government Expenditure is forecasted to be 126.539 SGD bn in Mar 2026 as reported by International Monetary Fund. See the table below for more data.

Last Previous Min Max Unit Frequency Range
168.350 2031 161.227 2030 10.917 1991 168.350 2031 SGD bn yearly 1991 - 2031

Forecast: Government Expenditure by Country Comparison

country/region Last Frequency Range
Afghanistan (AFA bn) 248.208 2024 yearly 2002 - 2024
Albania (ALL bn) 1,117.055 2030 yearly 1997 - 2030
Algeria (DZD bn) 16,974.800 2030 yearly 1990 - 2030
Andorra (%) 37.397 2030 yearly 2001 - 2030
Angola (AOA bn) 44,627.739 2030 yearly 1996 - 2030
Antigua and Barbuda (XCD bn) 1.662 2030 yearly 1990 - 2030
Argentina (ARS bn) 527,411.583 2030 yearly 1993 - 2030
Armenia (AMD bn) 4,531.323 2030 yearly 2005 - 2030
Aruba (%) 22.339 2030 yearly 1995 - 2030
Australia (AUD bn) 1,343.987 2030 yearly 1988 - 2030
Austria (EUR bn) 329.753 2030 yearly 1988 - 2030
Azerbaijan (AZN bn) 54.269 2030 yearly 1994 - 2030
Bahamas (BSD bn) 4.136 2030 yearly 1990 - 2030
Bahrain (BHD bn) 6.290 2030 yearly 1990 - 2030
Bangladesh (BDT bn) 7,011.275 2024 yearly 1980 - 2024
Barbados (BBD bn) 5.270 2031 yearly 1995 - 2031
Belarus (BYN bn) 152.096 2030 yearly 2001 - 2030
Belgium (EUR bn) 410.851 2030 yearly 1980 - 2030
Belize (BZD bn) 2.140 2030 yearly 1996 - 2030
Benin (XOF bn) 4,352.716 2030 yearly 1989 - 2030
Bhutan (BTN bn) 155.661 2030 yearly 1981 - 2030
Bolivia (BOB bn) 149.554 2025 yearly 1984 - 2025
Bosnia and Herzegovina (BAM bn) 33.017 2030 yearly 1998 - 2030
Botswana (BWP bn) 129.415 2031 yearly 1981 - 2031
Brazil (BRL bn) 7,607.101 2030 yearly 2001 - 2030
Brunei (BND bn) 6.775 2030 yearly 1980 - 2030
Bulgaria (BGN bn) 108.794 2030 yearly 1998 - 2030
Burkina Faso (XOF bn) 5,758.795 2030 yearly 1985 - 2030
Burundi (BIF bn) 15,143.094 2030 yearly 1990 - 2030
Cambodia (KHR bn) 50,353.583 2030 yearly 1996 - 2030
Cameroon (XAF bn) 8,532.542 2030 yearly 2000 - 2030
Canada (CAD bn) 1,673.411 2030 yearly 1980 - 2030
Cape Verde (CVE bn) 108.926 2030 yearly 1994 - 2030
Central African Republic (XAF bn) 449.231 2030 yearly 1988 - 2030
Chad (XAF bn) 2,903.776 2030 yearly 1995 - 2030
Chile (CLP bn) 114,317.250 2030 yearly 1990 - 2030
China (RMB bn) 61,532.614 2030 yearly 1982 - 2030
Colombia (COP bn) 769,946.270 2030 yearly 1982 - 2030
Comoros (KMF bn) 181.626 2030 yearly 1984 - 2030
Congo (XAF bn) 2,336.528 2030 yearly 1989 - 2030
Costa Rica (CRC bn) 12,058.686 2030 yearly 1990 - 2030
Croatia (EUR bn) 55.564 2030 yearly 1992 - 2030
Cyprus (EUR bn) 18.594 2030 yearly 1995 - 2030
Czech Republic (CZK bn) 4,512.963 2030 yearly 1995 - 2030
Democratic Republic of Congo (CDF bn) 71,408.916 2030 yearly 1996 - 2030
Denmark (DKK bn) 1,840.206 2030 yearly 1980 - 2030
Djibouti (DJF bn) 211.280 2030 yearly 1990 - 2030
Dominica (XCD bn) 1.105 2030 yearly 1990 - 2030
Dominican Republic (DOP bn) 2,152.562 2030 yearly 1997 - 2030
Ecuador (USD bn) 47.467 2024 yearly 1995 - 2024
Egypt (EGP bn) 7,033.941 2030 yearly 1999 - 2030
El Salvador (SVC bn) 13.755 2030 yearly 1990 - 2030
Equatorial Guinea (XAF bn) 1,645.511 2030 yearly 1980 - 2030
Eritrea (ERN bn) 9.338 2019 yearly 1992 - 2019
Estonia (EUR bn) 23.024 2030 yearly 1995 - 2030
Swaziland (SZL bn) 40.351 2031 yearly 1981 - 2031
Ethiopia (ETB bn) 4,810.138 2030 yearly 1980 - 2030
Fiji (FJD bn) 5.661 2030 yearly 1992 - 2030
Finland (EUR bn) 186.494 2030 yearly 1980 - 2030
France (EUR bn) 1,996.681 2030 yearly 1980 - 2030
Gabon (XAF bn) 4,383.493 2030 yearly 1990 - 2030
Gambia (GMD bn) 65.263 2030 yearly 2000 - 2030
Georgia (GEL bn) 46.912 2030 yearly 1995 - 2030
Germany (EUR bn) 2,707.148 2030 yearly 1991 - 2030
Ghana (GHS bn) 515.173 2030 yearly 1980 - 2030
Greece (EUR bn) 145.865 2030 yearly 1980 - 2030
Grenada (XCD bn) 1.436 2030 yearly 1990 - 2030
Guatemala (GTQ bn) 204.836 2030 yearly 1995 - 2030
Guinea (GNF bn) 81,339.038 2030 yearly 1990 - 2030
Guinea-Bissau (GWP bn) 399.702 2030 yearly 1991 - 2030
Guyana (GYD bn) 1,838.653 2030 yearly 1997 - 2030
Haiti (HTG bn) 715.220 2030 yearly 1997 - 2030
Honduras (HNL bn) 387.460 2030 yearly 1990 - 2030
Hong Kong SAR, China (HKD bn) 886.220 2031 yearly 1982 - 2031
Hungary (HUF bn) 53,879.998 2030 yearly 1995 - 2030
Iceland (ISK bn) 2,773.605 2030 yearly 1980 - 2030
India (INR bn) 161,821.306 2031 yearly 1989 - 2031
Indonesia (IDR bn) 5,840,630.486 2030 yearly 1993 - 2030
Iran (IRR bn) 176,200,186.125 2031 yearly 1991 - 2031
Iraq (IQD bn) 186,554.901 2030 yearly 2004 - 2030
Ireland (EUR bn) 176.732 2030 yearly 1980 - 2030
Israel (ILS bn) 1,151.009 2030 yearly 2000 - 2030
Italy (EUR bn) 1,271.505 2030 yearly 1988 - 2030
Ivory Coast (XOF bn) 19,827.302 2030 yearly 1997 - 2030
Jamaica (JMD bn) 1,475.673 2031 yearly 1991 - 2031
Japan (JPY bn) 296,833.681 2030 yearly 1980 - 2030
Jordan (JOD bn) 15.753 2030 yearly 1985 - 2030
Kazakhstan (KZT bn) 60,691.339 2030 yearly 2002 - 2030
Kenya (KES bn) 6,515.675 2030 yearly 1982 - 2030
Kiribati (AUD bn) 0.621 2030 yearly 1990 - 2030
South Korea (KRW bn) 768,475.754 2030 yearly 1995 - 2030
Kosovo (EUR bn) 4.881 2030 yearly 2000 - 2030
Kuwait (KWD bn) 29.719 2030 yearly 1985 - 2030
Kyrgyzstan (KGS bn) 1,075.720 2030 yearly 1995 - 2030
Laos (LAK bn) 50,372.610 2022 yearly 2000 - 2022
Latvia (EUR bn) 24.710 2030 yearly 1998 - 2030
Lebanon (LBP bn) 417,432.987 2024 yearly 1990 - 2024
Lesotho (LSL bn) 34.748 2031 yearly 1983 - 2031
Liberia (LRD bn) 1.562 2030 yearly 2000 - 2030
Libya (LYD bn) 168.169 2030 yearly 1990 - 2030

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Singapore Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) 2.2 Sep 2025 quarterly Mar 2012 - Sep 2025
Consolidated Fiscal Balance (USD mn) 926.421 Oct 2025 monthly Apr 2011 - Oct 2025
Tax Revenue (USD mn) 4,385.191 Oct 2025 monthly Aug 1987 - Oct 2025
Tax Revenue: % of GDP (%) 16.1 Sep 2025 quarterly Dec 1987 - Sep 2025
National Government Debt (USD mn) 1,010,431.8 Sep 2025 quarterly Mar 1990 - Sep 2025
Government Debt: % of GDP (%) 173.4 Sep 2025 quarterly Mar 1990 - Sep 2025
Forecast: Government Expenditure (SGD bn) 168.350 2031 yearly 1991 - 2031
Forecast: Government Net Debt (SGD bn) 1,657.979 2031 yearly 1991 - 2031
Forecast: Government Revenue (SGD bn) 186.395 2031 yearly 1991 - 2031
Govt Finance: Cash Surplus / Deficit (SGD mn) 1,199.900 Oct 2025 monthly Apr 2011 - Oct 2025
Govt Revenue: Operating (SGD mn) 6,779.200 Oct 2025 monthly Jan 2003 - Oct 2025
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 2.246 2030 yearly 1980 - 2030
Trade Balance (USD mn) 5,573.4 Oct 2025 monthly Jan 1976 - Oct 2025
Total Exports (USD mn) 51,432.0 Oct 2025 monthly Jan 1976 - Oct 2025
Total Exports Growth (%) 24.6 Oct 2025 monthly Jan 1977 - Oct 2025
Aluminum: Exports (USD th) 804,810.730 2024 yearly 1995 - 2024
Exports: Medicament (USD th) 8,129,174.836 2024 yearly 1995 - 2024
Exports: Medicinal and Pharmaceutical Product (USD th) 9,478,814.484 2024 yearly 1995 - 2024
Total Imports (USD mn) 45,858.6 Oct 2025 monthly Jan 1964 - Oct 2025
Total Imports Growth (%) 20.3 Oct 2025 monthly Jan 1965 - Oct 2025
Imports: Medicament (USD th) 2,332,947.888 2024 yearly 1995 - 2024
Imports: Medicinal and Pharmaceutical Product (USD th) 3,832,220.692 2024 yearly 1995 - 2024
Total Exports to USA (USD mn) 4,342.959 Oct 2025 monthly Jan 1976 - Oct 2025
Total Imports from USA (USD mn) 4,406.810 Oct 2025 monthly Jan 1976 - Oct 2025
Total Exports to China (USD mn) 5,785.284 Oct 2025 monthly Jan 1975 - Oct 2025
Total Imports from China (USD mn) 5,854.849 Oct 2025 monthly Jan 1975 - Oct 2025
Re Exports: Non Oil (SGD mn) 22,035.26 May 2018 monthly Jan 1976 - May 2018
Exports: Non Oil (SGD mn) 40,168.70 Jul 2018 monthly Jan 1964 - Jul 2018
Domestic Exports: Non Oil (SGD mn) 17,289.94 May 2018 monthly Jan 1976 - May 2018
Export Value Index (2015=100) 130.084 2021 yearly 1980 - 2021
Import Value Index (2015=100) 136.736 2021 yearly 1980 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 17,778.9 Sep 2025 quarterly Mar 1995 - Sep 2025
Current Account Balance (USD mn) 26,008.1 Sep 2025 quarterly Mar 1986 - Sep 2025
Current Account Balance: % of GDP (%) 17.7 Sep 2025 quarterly Mar 1986 - Sep 2025
Foreign Direct Investment (USD mn) 35,793.6 Sep 2025 quarterly Mar 1995 - Sep 2025
Foreign Direct Investment: % of GDP (%) 24.4 Sep 2025 quarterly Mar 1995 - Sep 2025
Foreign Portfolio Investment (USD mn) 3,900.132 Sep 2025 quarterly Mar 1995 - Sep 2025
Foreign Portfolio Investment: % of GDP (%) 2.7 Sep 2025 quarterly Mar 1995 - Sep 2025
External Debt (USD mn) 2,340,160.9 Jun 2025 quarterly Jun 2003 - Jun 2025
External Debt: % of GDP (%) 407.1 2024 yearly 2003 - 2024
External Debt: Short Term (USD mn) 1,452,869.6 Jun 2025 quarterly Jun 2003 - Jun 2025
External Debt: Short Term: % of GDP (%) 256.0 2024 yearly 2003 - 2024
Forecast: Current Account Balance (USD bn) 109.808 2030 yearly 1980 - 2030
Net International Investment Position (USD mn) 853,984.904 Jun 2025 quarterly Dec 2013 - Jun 2025
BoP: FA: Direct Investment: Liabilities (SGD mn) 60,759.500 Dec 2024 quarterly Mar 1995 - Dec 2024
BoP: FA: Direct Investment: Assets (SGD mn) 21,890.500 Dec 2024 quarterly Mar 1995 - Dec 2024
BoP: CA: Primary Income Balance (SGD mn) -32,453.200 Dec 2024 quarterly Mar 1986 - Dec 2024
BoP: Official Reserves (OR): Net (SGD mn) -11,230.700 Dec 2024 quarterly Mar 1986 - Dec 2024
BoP: FA: Direct Investment (SGD mn) -38,869.000 Dec 2024 quarterly Mar 1986 - Dec 2024
BoP: FA: Financial Derivatives: Assets (SGD mn) 8,088.600 Dec 2024 quarterly Mar 2006 - Dec 2024
BoP: FA: Others: Liabilities (SGD mn) 47,377.700 Dec 2024 quarterly Mar 1986 - Dec 2024
BoP: Net Errors and Omissions (SGD mn) -974.300 Dec 2024 quarterly Mar 1986 - Dec 2024
BoP: CA: Goods: Exports (SGD mn) 201,807.200 Dec 2024 quarterly Mar 1986 - Dec 2024
BoP: CA: Services: Exports (SGD mn) 136,388.600 Dec 2024 quarterly Mar 1986 - Dec 2024
BoP: CA: Goods: Imports (SGD mn) 153,207.100 Dec 2024 quarterly Mar 1986 - Dec 2024
BoP: CA: Services: Imports (SGD mn) 121,243.300 Dec 2024 quarterly Mar 1986 - Dec 2024
BoP: CA: Primary Income Balance: Payment (SGD mn) 95,354.500 Dec 2024 quarterly Mar 1986 - Dec 2024
BoP: CA: Primary Income Balance: Receipts (SGD mn) 62,901.300 Dec 2024 quarterly Mar 1986 - Dec 2024
BoP: FA: Others (SGD mn) 62,851.500 Dec 2024 quarterly Mar 1986 - Dec 2024
BoP: Current Account (CA) Balance (SGD mn) 28,814.100 Dec 2024 quarterly Mar 1986 - Dec 2024
BoP: CA: Services: Balance (SGD mn) 15,145.300 Dec 2024 quarterly Mar 1986 - Dec 2024
BoP: CA: Goods: Balance (SGD mn) 48,600.100 Dec 2024 quarterly Mar 1986 - Dec 2024
BoP: FA: Financial Derivatives: Liabilities (SGD mn) 6,433.800 Dec 2024 quarterly Mar 2006 - Dec 2024
BoP: FA: Financial Derivatives (SGD mn) 1,654.800 Dec 2024 quarterly Mar 2006 - Dec 2024
BoP: FA: Others: Assets (SGD mn) 110,229.200 Dec 2024 quarterly Mar 1986 - Dec 2024
BoP: FA: Portfolio Inv: Liabilities (SGD mn) 10,199.900 Dec 2024 quarterly Mar 1995 - Dec 2024
BoP: Financial Account (FA): Net (SGD mn) 39,070.500 Dec 2024 quarterly Mar 1986 - Dec 2024
BoP: CA: Secondary Income Balance (SGD mn) -2,478.100 Dec 2024 quarterly Mar 1986 - Dec 2024
BoP: FA: Portfolio Investment (SGD mn) 13,433.200 Dec 2024 quarterly Mar 1986 - Dec 2024
BoP: FA: Portfolio Inv: Assets (SGD mn) 23,633.100 Dec 2024 quarterly Mar 1995 - Dec 2024
BoP: FA: PI: Liabilities: Debt Securities (SGD mn) 1,256.600 2018 yearly 1988 - 2018
BoP: FA: PI: Liabilities: Equity & Investment Fund Shares (SGD mn) -5,728.600 2018 yearly 1988 - 2018
International Investment Position (IIP) (SGD mn) 1,108,209.700 Dec 2018 quarterly Dec 2013 - Dec 2018
External Debt: Gross: OL: DTC: Long Term (SGD mn) 187,451.200 Sep 2024 quarterly Jun 2003 - Sep 2024
External Debt: Gross: OL: DTC: Short Term (SGD mn) 1,409,972.100 Sep 2024 quarterly Jun 2003 - Sep 2024
External Debt: Gross: OL: OS: Short Term (SGD mn) 348,972.000 Sep 2024 quarterly Jun 2003 - Sep 2024
External Debt: Gross: OL: OS: Long Term (SGD mn) 313,756.800 Sep 2024 quarterly Jun 2003 - Sep 2024
External Debt: Gross (SGD mn) 2,762,551.700 Sep 2024 quarterly Jun 2003 - Sep 2024
Direct Investment Abroad: European Union (EU-27) (SGD mn) 234,607.400 2023 yearly 1994 - 2023
FDI: By Industry: Manufacturing (SGD mn) 279,941.300 2023 yearly 1998 - 2023
FDI: By Industry: Wholesale & Retail Trade (SGD mn) 411,137.600 2023 yearly 1998 - 2023
FDI: By Industry: Professinal, Administrative & Support Services (SGD mn) 135,762.400 2023 yearly 1998 - 2023
FDI: By Industry: Financial & Insurance Services (SGD mn) 1,788,363.400 2023 yearly 1998 - 2023
Foreign Direct Investment (FDI): Total (SGD mn) 2,843,105.600 2023 yearly 1998 - 2023
FDI: By Country: United Kingdom (SGD mn) 153,599.700 2023 yearly 1998 - 2023
FDI: By Country: Netherlands (SGD mn) 81,934.900 2023 yearly 1998 - 2023
FDI: By Country: Japan (SGD mn) 181,047.100 2023 yearly 1998 - 2023
FDI: By Country: Switzerland (SGD mn) 73,934.800 2023 yearly 1998 - 2023
FDI: By Country: United States (SGD mn) 692,307.300 2023 yearly 1998 - 2023
Business Entities (BE): Formation: Total (Number) 5,718.000 Jan 2025 monthly Jan 1970 - Jan 2025
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 1.3 Dec 2019 quarterly Dec 2008 - Dec 2019
Household Debt: % of GDP (%) 53.0 Sep 2025 quarterly Mar 1995 - Sep 2025
Non-Performing Loans (USD mn) 9,947.940 Dec 2019 quarterly Dec 2008 - Dec 2019
Money Supply M1 (USD mn) 408,786.384 Oct 2025 monthly Mar 2004 - Oct 2025
Money Supply M2 (USD mn) 1,091,899.504 Oct 2025 monthly Mar 2004 - Oct 2025
M2 Growth (%) 6.4 Oct 2025 monthly Mar 2005 - Oct 2025
Foreign Exchange Reserves (USD mn) 379,412.1 Oct 2025 monthly Apr 2000 - Oct 2025
Foreign Exchange Reserves: % of GDP (%) 66.529 Sep 2025 quarterly Jun 2000 - Sep 2025
Foreign Exchange Reserves: Months of Import (NA) 7.9 Oct 2025 monthly Apr 2000 - Oct 2025
Gold Reserves (USD mn) 5,034.800 Oct 2025 monthly Apr 2000 - Oct 2025
Total Deposits (USD mn) 1,552,978.712 Oct 2025 monthly Jan 1991 - Oct 2025
Total Deposits Growth (%) 10.1 Oct 2025 monthly Jan 1992 - Oct 2025
Domestic Credit (USD mn) 942,631.6 Oct 2025 monthly Mar 2004 - Oct 2025
Domestic Credit Growth (%) 5.2 Oct 2025 monthly Mar 2005 - Oct 2025
Credit to Households (USD bn) 243.540 Mar 2025 quarterly Mar 1991 - Mar 2025
Credit to Private Non-Financial Sector (USD bn) 941.402 Mar 2025 quarterly Dec 1963 - Mar 2025
Household Debt (USD mn) 307,915.4 Oct 2025 monthly Mar 2004 - Oct 2025
Total Loans (USD mn) 1,034,013.987 Oct 2025 monthly Mar 2004 - Oct 2025
Total Loans Growth (%) 5.45 Oct 2025 monthly Mar 2005 - Oct 2025
Private Debt: % of Nominal GDP (%) 129.14 Sep 2025 quarterly Mar 2004 - Sep 2025
ORA: Gold Incl Gold Deposits and Gold Swapped (USD mn) 211.70 Jul 2018 monthly Apr 2000 - Jul 2018
ORA: Other Reserve Assets (USD mn) 472.40 Jul 2018 monthly Apr 2000 - Jul 2018
DBU: Loans & Advances: CL: Housing & Bridging Loans (SGD mn) 203,114.90 May 2018 monthly Jan 1991 - May 2018
DBU: Loans & Advances: LB: Professional & Private Individuals (SGD mn) 10,320.90 May 2018 monthly Jan 1991 - May 2018
DBU: Loans & Advances: Total, Including Bills Financing (SGD mn) 667,892.20 May 2018 monthly Jan 1980 - May 2018
DBU: Loans & Advances: Loans to Businesses (LB) (SGD mn) 403,032.70 May 2018 monthly Mar 2004 - May 2018
DBU: Loans & Advances: Consumer Loans (CL) (SGD mn) 264,859.50 May 2018 monthly Mar 2004 - May 2018
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) -1.6 Nov 2025 monthly Jan 2000 - Nov 2025
Composite Leading Index: 2015=100 (2015=100) 109.300 Mar 2019 quarterly Mar 1978 - Mar 2019

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