Singapore’s fiscal record is marked by consistent surpluses driven by prudent economic management. The 1990s saw strong fiscal health, with surpluses peaking at in 1994. While the 2008 financial crisis led to a temporary deficit of -, Singapore quickly recovered to a surplus of in 2011.
The pandemic caused a sharp decline to - in 2020, but forecasts project sustained surpluses from 2023 onward, reaching by 2029, reflecting Singapore's robust fiscal policies and economic growth strategies.
The pandemic caused a sharp decline to - in 2020, but forecasts project sustained surpluses from 2023 onward, reaching by 2029, reflecting Singapore's robust fiscal policies and economic growth strategies.
For additional information, visit statistics on Singapore’s goods trade balance, Singapore’s inflation rate forecast, Singapore’s urban expansion.
