The paper looks at the fiscal implications of Singapore’s medium-term challenges and projects the government’s expenditure up till FY2030, explains MOF in its Feb 8 statement.
The expenditure of the Singapore government is expected to increase to around 19% to 20% of the country’s gross domestic product (GDP) in the period between FY2026 to FY2030.
Spending is expected to possibly exceed 20% by FY2030, says the Ministry of Finance (MOF) in its occasional paper titled “Medium-Term Fiscal Projections”.
