Singapore Budget Deficit
General government net lending/borrowing as % of GDP GGXCNL_NGDP
Overview
Singapore's budget deficit stood at 3.11% in 2025, a decline of +1.33% from 2024. The IMF projects 3.11% by 2025. Singapore ranked 12th globally.
Data & projection
| Year | Budget Deficit | YoY change | Rank |
|---|---|---|---|
| 2030* IMF | 1.95% | - | - |
| 2029* IMF | 1.91% | - | - |
| 2028* IMF | 2.13% | - | - |
| 2027* IMF | 2.36% | - | - |
| 2026* IMF | 2.71% | - | - |
| 2025* IMF | 3.11% | - | - |
| 2025 | 3.11% | −1.33% | #12 |
| 2024 | 4.44% | +0.97% | #179 |
| 2023 | 3.47% | +2.26% | #175 |
| 2022 | 1.21% | +0.08% | #165 |
| 2021 | 1.13% | +7.86% | #175 |
| 2020 | -6.73% | −10.50% | #86 |
| 2019 | 3.77% | +0.09% | #181 |
| 2018 | 3.68% | −1.56% | #177 |
| 2017 | 5.24% | +1.99% | #185 |
| 2016 | 3.26% | +0.40% | #178 |
| 2015 | 2.86% | −1.74% | #180 |
| 2014 | 4.60% | −1.36% | #182 |
| 2013 | 5.96% | −1.37% | #181 |
| 2012 | 7.34% | −0.63% | #178 |
| 2011 | 7.96% | +2.28% | #182 |
Detected Pattern
Analysis
Singapore matched the Export Boom Cycle pattern in 2021. Historically, 71% of countries showing this pattern (546 out of 768) saw budget deficit improve within 24 months. View full analysis →
Frequently Asked Questions
Singapore's budget deficit was 3.11% in 2025. Ranked 12th globally. This represents a 30.0% decrease from the previous year.
Singapore's budget deficit peaked at 7.96% in 2011.
The lowest budget deficit in Singapore was -6.73% in 2020.
Singapore ranks 12th globally in budget deficit as of 2025.
The World Bank indicator code is GGXCNL_NGDP. Data sourced from IMF WEO.
Singapore's budget deficit is projected to reach 3.11% by 2025 based on IMF projection.
The budget deficit of Singapore in 2025 was 3.11%. This ranks 12th in the world.
Cite this page
@misc{historysaid_singapore_budget-deficit,
title = {Singapore Budget Deficit},
url = {https://historysaid.com/singapore/budget-deficit},
publisher = {HistorySaid},
year = {2026}
}