The Singapore Budget Statement shows only revenues that the Government is allowed to spend under Singapore’s Constitution.Land sales revenue is excluded as it is not available for budgetary spending by the Government.
The land sales revenue figures are presented annually to Parliament in the Revenue and Expenditure Estimates, and are publicly available.
The figures are also included in the Singapore Government report to the International Monetary Fund (IMF) based on their prescribed presentation format. The IMF format includes all revenues, even those that are not available for spending under our Constitution.
Watch this video for more information about our reserves: