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Singapore ended FY2025 with a surplus of $15.1 bil, 1.9% of GDP

Kwan Wei Kevin Tan and Felicia Tan
Kwan Wei Kevin Tan and Felicia Tan • 2 min read
Singapore ended FY2025 with a surplus of $15.1 bil, 1.9% of GDP
For FY2026, Wong expects the government to report a smaller surplus of $8.5 billion or 1% of GDP. Photo: Bloomberg
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Singapore ended the fiscal year 2025 with a surplus of $15.1 billion, or 1.9% of the country’s total gross domestic product (GDP), says Prime Minister and Finance Minister Lawrence Wong at Budget 2026.

Revised overall expenditure for the year was up by 0.1% to $143.29 billion compared to the estimated figure of $143.10 billion. The figure comprises total (ministry) expenditure, special transfers including top-ups to statutory and trust funds and including the impact of the Significant Infrastructure Government Loan Act (SINGA).

FY2025 revenue, which comprises operating revenue and net investment returns contribution (NIRC), rose by 5.7% or $8.48 billion to $158.39 billion, or 19.8% of GDP.

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