Singapore Budget 2014

A statistical look at Singapore's 2014 budget.

About Singapore Budget 2014

Much of the coverage on the budget was on policies. For example, increase in employers' CPF contribution, boosted subsidies for Singaporeans with disabilities, or hikes in duties on tobacco, alcohol and gambling.

There wasn't much statistical analysis of the government's budgets.

Which is a shame, since the Singapore government does release a detailed trove of statistics if you delve through it.

This webpage will present the budget in a more statistical way.

You will only see interactive charts if your device has a screen size width of 600 pixels or bigger.

What is the proportion of our budget spent in each of the sectors across the years?

Total Expenditure by Sector FY2008 to FY2014 (projected)

Five sectors comprise close to 75 percent of all spending: Defence, education, health, transport and home affairs.

Other interesting insights:

  • Huge increase in health spending: Spending has increased from 7.1 percent in 2008 to 12.6 percent in 2014. In absolute numbers, their budget has grown more than 2.6 times from S$2.715 billion in 2008 to S$7.115 billion in 2012.

  • Big increase in social spending: Government spending on social and family development and community, culture and youth has increased. Prior to the formation of the Ministry of Community, Culture and Youth (MCCY) and Ministry of Social and Family Development (MSF) in 2012, these portfolios were held by the Ministry of Community Development, Youth and Sports (MCYS).

    You can actually see the split clearly above in the graph in 2012. If you add both portfolios together, spending in culture development and family/social services have increased over five years (from 3.4 percent in 2008 to 6.8 percent in 2014).

  • Hefty percentage increases in some small segments: Statistically their budgets are very small compared to the big-ticket items, but some of the biggest rates of increase are in small sectors (budget-wise) like Infocomm and Media Development, which grew from S$81 million in 2008 to S$584 million in 2014, a more than seven-fold increase. Other such sectors include Law, Organs of State and PMO.

What is the split between operating and developmental expenditure in the sectors?

Operating vs Development expenditure in FY2014

For many of the big ticket items — defence, education, health — the biggest cost is operating expenditure.

The major exception is transport, in which their budget for 2014 is mainly developmental expenditure.

Other sectors with big developmental expenditure as a proportion of their total budget in 2014 include national development, trade and industry and law.

What is the proportion of revenue that our government collects from various sources?

Revenue collections from FY2008 to FY2014 (projected)

Other Taxes:
Includes Foreign Worker Levy, Development Charge, Annual Tonnage Tax and Water Conservation Tax
Other fees and charges:
Includes revenue from Licenses, Permits, Service Fees, Sales of Goods, Rental of Premises, Fines and Forfeitures and Reimbursements

More than 50 percent of all revenue comes from three streams: Corporate Tax, Income Tax and GST.

Other interesting insights:

  • Big increase in Other Taxes: There was a big increase in Other Taxes(light purple), from 5.1 percent of total revenue in 2008 to 10.8 percent in 2014.

  • COE revenue has gone up at the expense of ERP/road taxes: There has been a shift of revenue from Motor Vehicle Taxes to Vehicle Quote Premiums across the years.

    If you have less vehicles on the road due to high COE prices, you get less ERP/road tax revenue. In any case, our government still makes a sizeable chunk of change from car owners in Singapore if you add these two categories up (7.3 percent in 2014 as compared to 5.4 percent in 2008)

  • Corporate tax has dipped over time: The proportion of revenue from corporate tax has slowly decreased over time, from 25.7 percent in 2008 to 21.9 percent in 2014.

Data sources

Do check out some of the other Singapore-based visualizations we've done, like our Singapore census, demographics or dengue visualizations.

Visualization by V/R | Data sources: Singstat, Budget 2014