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Government Finance of Singapore

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Overview Economy Population Trade Government Finance Society Environment

Tax Revenue Composition

18.6% 31.5% 12.4% 26.7% 8.4%
  • Personal income taxes: 18.6%
  • Corporate income taxes: 31.5%
  • Property taxes: 12.4%
  • Goods and services taxes: 26.7%
  • Other taxes: 8.4%
Show table
Personal income taxes
18.6%
Corporate income taxes
31.5%
Property taxes
12.4%
Goods and services taxes
26.7%
Other taxes
8.4%

Source: OECD Global Revenue Statistics Database, 2023.

Government Debt

Government Gross Debt (% of GDP) 171.9% #2 / 184 2026
Government Gross Debt (Local currency - SGD) 1.45T - 2026
Government Net Debt (% of GDP) No data - -
Government Net Debt (Local currency - SGD) No data - -

Fiscal Balance

Fiscal Balance (% of GDP) 3.3% #8 / 189 2026
Fiscal Balance (Local currency - SGD) 27.9B - 2026
Primary Fiscal Balance (% of GDP) No data - -
Primary Fiscal Balance (Local currency - SGD) No data - -

Revenue and Spending

Government Revenue (% of GDP) 19.4% #140 / 189 2026
Government Revenue (Local currency - SGD) 163B - 2026
Government Spending (% of GDP) 16.1% #178 / 189 2026
Government Spending (Local currency - SGD) 135B - 2026

International Reserves

Total Reserves (USD) 384B #9 / 163 2024

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