Singapore Budget 2015

[Perisher]

This shows how government derives it's annual budget.
Singapore Budget 2015 - About The Budget Process

The Pdf here shows the cents and dollars of what forms the revenue.
http://www.singaporebudget.gov.sg/data/budget_2015/download/annexc.pdf

OVERALL BUDGET SURPLUS / DEFICIT
2014 (0.13)
2015 (6.67)
Figures in Billion SGD.

Are we operating on deficit? Tapping into reserves.

Also from the PDF, I see primary, basic and overall surplus/deficit. So what's the difference between primary and basic?


For those interested in the budget, here's all the pdf
http://www.singaporebudget.gov.sg/budget_2015/BudgetSpeech.aspx

 

[badsector]

petrol duty increase so much.....

 

[anfielder]

Deficit, yes. But not tapping into reserves. Tapping into past surpluses which were built up in the present term of government.
Surpluses only get locked up in the reserves after each term ends.

 

[archcherub]

btw even a so-called deficit in our budget is not the normal standard deficit.

singapore choose NOT to use the accounting format used by IMF and other developed economies of the world, that takes into account land sale as "govt revenue"...

hence land sales were not counted in the accounting.

the article i read abt this is too wordy and scholarly (NUS Paper), so i paste a TRS link instead here... they are biased, but the article does hold water.
for everything in the website.. take it with a pinch of salt.
Singapore