Budget 2026: Budget surplus estimated at $8.5b for 2026

In 2025, the higher surplus is driven by more corporate tax collections.

Singapore expects a budget surplus of $8.5b or 1% of the GDP for 2026, smaller than in 2025, said Prime Minister Lawrence Wong.

For FY2025, surplus was expected to be $15.1b or 1.9% of the GDP.

The higher surplus comes on the back of higher corporate tax collections, which increased further in the past year, Wong said in his Budget 2026 speech on 12 February.

“We also saw higher asset related revenue collections such as vehicle quota premiums and standard duty driven by strong demand for private vehicles and properties,” Wong said.

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SG Budget 2026

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