Singapore’s operating revenue on track to exceed full-year estimate, allowing ‘generous’ Budget 2025: economists

AFTER the first nine months of Singapore’s fiscal year, the government’s operating revenue is on track to meet – and likely surpass – the full-year estimate, said economists.

This could mean a larger-than-expected surplus for the 2024 fiscal year, allowing Budget 2025 to be more generous, they added.

OCBC chief economist Selena Ling expects a “bumper” FY2024 surplus that provides “ample room” for a “generous and impactful” Budget 2025, which comes both in an election year and amid SG60 celebrations.