Singapore Forecasts One Percent Budget Surplus for Fiscal Year 2026
Prime Minister Lawrence Wong announced an expected budget surplus of S$8.5 billion for fiscal 2026. The government plans to prioritize AI and defense spending.
Prime Minister Lawrence Wong announced on February 12, 2026, that Singapore 
SG expects a forecast budget surplus of S$8.5 billion for the 2026 fiscal year, which is approximately 1 percent of the nation's GDP. This figure, revealed during the official budget speech, represents a material decline from the S$15.1 billion surplus, or 1.9 percent of GDP, anticipated for the current fiscal year. The Government of Singapore noted that this smaller surplus effectively narrows the available fiscal space for the upcoming period.
SG expects a forecast budget surplus of S$8.5 billion for the 2026 fiscal year, which is approximately 1 percent of the nation's GDP. This figure, revealed during the official budget speech, represents a material decline from the S$15.1 billion surplus, or 1.9 percent of GDP, anticipated for the current fiscal year. The Government of Singapore noted that this smaller surplus effectively narrows the available fiscal space for the upcoming period.
