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About The Budget Process
The Singapore Budget is prepared for each financial year, which begins on 1 April of every calendar year and ends on 31 March of the next calendar year. The Budget includes the revised government revenue and expenditure projections for the current financial year, as well as the planned government revenue and expenditure in the coming financial year.
The Budget Feedback Process
Before drawing up the Budget, Minister for Finance MOF starts its public consultation process in November to gather feedback for the next financial year’s Budget. The feedback process generally lasts for about two months, and all views and suggestions submitted during the feedback period are taken into account in the design of the Budget. After which, the Budget is presented to the Cabinet for approval.
The following is the Budget 2024 Summary announced by Deputy Prime Minister and Minister for Finance, Mr. Lawrence Wong in his Budget Statement for the Financial Year 2024 which was delivered in Parliament on Friday, 16 February 2024. Continue reading →
The following is the Budget 2023 Summary announced by Deputy Prime Minister and Minister for Finance, Mr. Lawrence Wong in his Budget Statement for the Financial Year 2023 which was delivered in Parliament on Tuesday, 14 February 2023. Continue reading →
Singapore Budget 2022 Summary
The following is the Budget 2022 Summary announced by Minister for Finance, Mr. Lawrence Wong in his Budget Statement for the Financial Year 2022 which was delivered in Parliament on Friday, 18 February 2022. Continue reading →
Singapore Budget 2021 Summary
The following is the Budget 2021 Summary announced by Minister for Finance, Mr Heng Swee Keat in his Budget Statement for the Financial Year 2021 which was delivered in Parliament on Tuesday, 16 February 2021. Continue reading →
Ministerial Statement August 2020 Summary
The following is the Ministerial Statement August 2020 Summary that was announced by Minister for Finance, Mr. Heng Swee Keat via a Ministerial broadcast Continue reading →
Fortitude Budget 2020 Summary
The following is the Fortitude Budget 2020 that the government support measures are announced by Minister for Finance, Mr. Heng Swee Keat in Parliament Continue reading →
Solidarity Budget 2020 Summary
The following is the Solidarity Budget 2020 that the government support measures are announced by Minister for Finance, Mr. Heng Swee Keat in Parliament Continue reading →
Resilience Budget 2020 Summary
The following is the Resilience Budget 2020 that the government support measures are announced by Minister for Finance, Mr. Heng Swee Keat in Parliament Continue reading →
Singapore Budget 2020 Summary
The following is the Singapore Budget 2020 that were announced by Minister for Finance, Mr. Heng Swee Keat in his Budget Statement Continue reading →
Singapore Budget 2019 Summary
The following is the Singapore Budget 2019 that were announced by Minister for Finance, Mr. Heng Swee Keat in his Budget Statement Continue reading →
Singapore Budget 2018 Summary
The following is the Singapore Budget 2018 that were announced by Minister for Finance, Mr. Heng Swee Keat in his Budget Statement Continue reading →
Singapore Budget 2017 Summary
The following is the Singapore Budget 2017 that were announced by Minister for Finance, Mr. Heng Swee Keat in his Budget Statement Continue reading →
Singapore Budget 2016 Summary
The following is the Singapore Budget 2016 that were announced by Minister for Finance, Mr. Heng Swee Keat in his Budget Statement Continue reading →
Singapore Budget 2015 Summary
The following is the Singapore Budget 2015 that were announced by Minister for Finance, Mr. Tharman Shanmugaratnam in his Budget Statement Continue reading →
Singapore Budget 2014 Summary
The following is the Singapore Budget 2014 that were announced by Minister for Finance, Mr. Tharman Shanmugaratnam in his Budget Statement Continue reading →
Singapore Budget 2013 Summary
The following is the Singapore Budget 2013 that were announced by Minister for Finance, Mr. Tharman Shanmugaratnam in his Budget Statement Continue reading →
Singapore Budget 2012 Summary
The following is the Singapore Budget 2012 that were announced by Minister for Finance, Mr. Tharman Shanmugaratnam in his Budget Statement Continue reading →
Singapore Budget 2011 – Important Tax Changes Reminder
In the Singapore 2010 Budget, the Government introduced a five-year broad-based PIC scheme to provide significant enhanced tax deductions or allowances to all businesses Continue reading →
