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The Government of Singapore is defined by the Constitution of the Republic of Singapore to consist of the President and the Executive. Executive authority of Singapore is vested in the President but exercised on the advice of the Cabinet led by the Prime Minister. The President, acting as the Head of State, may only act in their discretion in ...
Website. Official website. www .singaporebudget .gov .sg. Agency ID. T08GA0013E. The Ministry of Finance ( MOF; Malay: Kementerian Kewangan; Chinese: 财政部; Tamil: நிதி அமைச்சு) is a ministry of the Government of Singapore responsible for managing the fiscal policies and the structure of the economy of Singapore .
[134] [135] Singapore is required under its constitution to keep a balanced budget over each term of government. Singapore government debt is issued for investment purposes, not to fund expenditure. [136] [137] [138] Personal income taxes in Singapore range from 0% to 22% for incomes above S$320,000. [139]
Enacted by. Parliament of Singapore. The Supply Act is a statute passed by the Parliament of Singapore that provides for the amount of money, issued from the Consolidated and Development Funds, that the Government may spend in the coming financial year. It also specifies the purposes for which the money may be spent.
This article lists countries alphabetically, with total government expenditure as percentage of Gross domestic product (GDP) for the listed countries. Also stated is the government revenue and net lending/borrowing of the government as percentage of GDP. All Data is based on the World Economic Outlook Databook of the International Monetary Fund.
This is the list of countries by government budget. The list includes sovereign states and self-governing dependent territories based upon the ISO standard ISO 3166-1. The following tables show the governmental budget balance, in millions of US dollars or millions of local currency units (LCU, the most commonly used in the country) and as ...
Other countries. v. t. e. Singapore is a parliamentary representative democratic republic in which the president of Singapore is the head of state, the prime minister of Singapore is the head of government, and of a multi-party system. Executive power is exercised by the Cabinet from the parliament, and to a lesser extent, the president.
As of 2023, the total size of the reserves has been estimated to be at least S$ 2.5 trillion (2024) ( US$ 1.87 trillion ), based on publicly available data from GIC, [ a] Temasek, [ b] MAS, [ c] and CPF, [ d] among others. It is generally assumed that Singapore's reserves are far-reaching and significant.