Government Fiscal Position

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Updated 4 months ago

MOF (Ministry of Finance)

'Operating Revenue' refers to Government receipts credited to the Consolidated Revenue Account and Development Fund, excluding Investment and Interest Income, and Capital Receipts (lumpy and less regular in timing). The main components are Corporate Income Tax, Personal Income Tax, and Goods and Services Tax.

'Total Expenditure' comprises Operating Expenditure and Development Expenditure. Development Expenditure excludes land-related expenditure from FY2001.

'Special Transfers Excluding Top-ups to Endowment and Trust Funds' refers to discretionary transfers made by the Government and these include one-off direct transfers to businesses and households.

'Top-ups to Endowment and Trust Funds' refers to top-ups to endowment and trust funds created by the Government for specific expenditure objectives.

'Net Investment Income/Returns Contribution' (NIRC) is the sum of: (1) up to 50% of the expected long-term real return on the relevant assets specified in the Constitution; and (2) up to 50% of the net investment income on the remaining assets.

The Primary Budget Position, defined as Operating Revenue less Total Expenditure, measures the ability of the Government to meet its annual expenditures through its regular collection of revenue (taxes, fees and charges).

The Basic Budget Position, which is the Surplus/Deficit before Top-ups to Endowment and Trust Funds and Net Investment Income/Returns Contribution, gives an indication of the annual impact of Government’s revenue and expenditure on the economy.

The Overall Fiscal Position shows the Government’s annual overall budget position based on Singapore's Constitutional framework.

Data explorer

GovernmentFiscalPosition.csv (336 rows, 21.6 KB)

Year of balance Numeric	Actual/Revised/Estimated Text	Category Text	Item Text	Amount Numeric	Percent of gdp Numeric
(Null)0.0% 19973.6% 19983.6% 19993.6% 20003.6%	(Null)0.0% Actual92.9% Revised3.6% Estimated3.6%	(Null)0.0% Expenditure50.0% Balance33.3% Revenue16.7%	(Null)0.0% Basic Balance8.3% Primary Balance8.3% Operating Revenue8.3% Total Expenditure8.3%	(Null)0.0%	(Null)0.0%
1997	Actual	Balance	Basic Balance	5852	0.039
1998	Actual	Balance	Basic Balance	925	0.007
1999	Actual	Balance	Basic Balance	5185	0.034
2000	Actual	Balance	Basic Balance	2496	0.015
2001	Actual	Balance	Basic Balance	-2273	-0.014
2002	Actual	Balance	Basic Balance	-2885	-0.017
2003	Actual	Balance	Basic Balance	-3788	-0.022
2004	Actual	Balance	Basic Balance	-2448	-0.012
2005	Actual	Balance	Basic Balance	-1041	-0.005
2006	Actual	Balance	Basic Balance	-1238	-0.005

Column legend

Title	Column name	Data type	Unit of measure	Description
Year of balance	year_of_balance	Numeric	-	-
Actual/Revised/Estimated	actual_revised_estimated	Text	-	-
Category	category	Text	-	-
Item	item	Text	-	-
Amount	amount	Numeric	-	-
Percent of gdp	percent_of_gdp	Numeric	-	-

Sample OpenAPI query

This code can be used to test a sample API query. It retrieves the data catalogue of this dataset. For a complete guide on query parameters and syntax, please refer to the API documentation. Try it out on your browser to see the response schema.

import requests
          
datasetId = "d_0f0800a6b2b4b391daffcd88b2cc97fd"
url = "https://data.gov.sg/api/action/datastore_search?resource_id="  + datasetId 
        
response = requests.get(url)
print(response.json())

Government Fiscal Position

Primary Surplus/Deficit

Data explorer

GovernmentFiscalPosition.csv (336 rows, 21.6 KB)

Column legend

Sample OpenAPI query

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