Projected 10.3% total spending hike to outpace revenue in FY2026
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Singapore's total expenditure is projected to increase by 10.3% to $137.32 billion in FY2026, outpacing a 3% rise in operating revenue to $134.75 billion. Development spending is expected to surge by 26.2% to $34.05 billion, driven by investments in economic competitiveness, transport, healthcare, and education. Corporate income tax is anticipated to rise by 7.2% to $37.77 billion, while personal income tax is projected to increase by 5.6% to $21.80 billion. The overall fiscal surplus is expected to narrow to $8.54 billion from $15.10 billion in FY2025.
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