total revenue
$67.61b
(+3.88% vs FY2013
(revised))
total
spending
$68.78b
(+12.45% vs FY2013
(revised))
deficit
$1.17b
where the money comes from:
tax revenue1 $53.17b (+3.96% vs FY2013 (revised))
fees and charges2 $6.03b (+5.94% vs FY2013 (revised))
other receipts3 $0.32b (+1.59% vs FY2013 (revised))
NIRC4 $8.1b (+2.03% vs FY2013 (revised))
where the money goes to:
social development $27.03b (+10.89% vs FY2013 (revised))
security and external relations $17.24b (+4.42% vs FY2013 (revised))
economic development $9.98b (+5.37% vs FY2013 (revised))
government administration $2.42b (+21.35% vs FY2013 (revised))
special transfers5 $12.11b (+37.36% vs FY2013 (revised))
1
Tax revenue includes personal and corporate income tax, goods and services tax, betting taxes and stamp duty.
2 Fees and charges include vehicle quota premiums, the foreign worker levy and the development charge.
3 Other receipts exclude the repayment of loans, interest income, investment income and capital receipts.
4 Net Investment Returns Contribution (NIRC) refers to investment returns on Singapore's reserves. Comprises up to 50 per cent of the expected long-term real rate of return on net assets managed by GIC and the Monetary Authority of Singapore and up to 50 per cent of the Net Investment Income (NII) from remaining assets, which includes those managed by Temasek Holdings. Before FY2009, only the NII component could be included in the budget.
5 Special transfers include one-off direct transfers to businesses and households, as well as top-ups to endowment and trust funds created by the government.
2 Fees and charges include vehicle quota premiums, the foreign worker levy and the development charge.
3 Other receipts exclude the repayment of loans, interest income, investment income and capital receipts.
4 Net Investment Returns Contribution (NIRC) refers to investment returns on Singapore's reserves. Comprises up to 50 per cent of the expected long-term real rate of return on net assets managed by GIC and the Monetary Authority of Singapore and up to 50 per cent of the Net Investment Income (NII) from remaining assets, which includes those managed by Temasek Holdings. Before FY2009, only the NII component could be included in the budget.
5 Special transfers include one-off direct transfers to businesses and households, as well as top-ups to endowment and trust funds created by the government.
Source: Accountant-General's Department
BTGraphic: Deborah Mak, Low Jin Hui, Kenneth Lim, Teh Shi Ning
BTGraphic: Deborah Mak, Low Jin Hui, Kenneth Lim, Teh Shi Ning