Chart of the day: Budget deficit to hit $3b in FY22

This is on the back of an expected increase in total expenditures and operating expenses.

Singapore is expecting to see a $3b overall budget deficit in the financial year 2022, which is equivalent to 0.5% of the state’s gross domestic product.

This is on the back of an expected 4.1% year-on-year (YoY) jump in total expenditures to $102.41b, and a 1.7% YoY increase of operating revenue to $81.75b; these estimates are lower than that of UOB of $107.66b and $90.9b, respectively.

UOB added that the expected increase in operating revenue and total expenditure is “significantly smaller” and “observably slower” when compared to the pre-COVID five-year average between FY2010 to FY 2019.

The five-year average for operating revenue was 6.6%, while total expenditure was 6.2%.

“Nonetheless, the rise in Singapore’s expenditure needs continues to outpace revenue receipts, highlighting that more needs to be done to ensure sustainable finances going forward,” UOB said.

Follow the link for more news on

UOB

Singapore Budget

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.

The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.

So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia