How should the Government manage greater demands on the Singapore Budget?

This question has come into sharp focus with the release of the Occasional Paper on Medium-Term Fiscal Projections by the Ministry of Finance last week. The paper points out that Singapore is projected to run annual Budget deficits amounting to between $7.5 billion and $15 billion each year, during the five-year period from FY2026 to FY2030.


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Christopher Gee is a senior research fellow and Yap Jia Hui is a research assistant at the Institute of Policy Studies, National University of Singapore.

Top photo from Freepik.