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Singapore Budget 2015: Govt spending to hit 5-yr average of 19% of GDP

Monday, February 23, 2015 - 17:37

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Singapore's overall government spending is projected to reach about 19-19.5 per cent of GDP on average over the next five years, said Tharman Shanmugaratnam, Deputy Prime Minister and Finance Minister, on Monday.

This is about 1 per cent of GDP higher than the revenues that Singapore has today, he said.

READ MORE: "Very small" deficit of S$0.1 billion expected

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INFOGRAPHIC: Snapshot of the Singapore economyThe Singapore Budget explained

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