Singapore’s 2026 Budget: A Good Time for Surpluses

Singapore’s 2026 Budget: A Good Time for Surpluses

The city-state's fiscal prudence puts it in a good position to weather the current volatility in the global oil market.

Singapore’s fiscal cushion faces test amid Middle East energy shock

Singapore’s fiscal resilience in 2025 was not just a statistical anomaly—it was a deliberate policy choice, one that underscores the city-state’s long-standing aversion to fiscal complacency. The SG$10.5 billion surplus, equivalent to 1.3 percent of GDP, was not an accident but the result of disciplined revenue collection and controlled spending, even as the government distributed SG$3 billion in… Source