Overview
- The Government reported a FY2025 surplus of S$15.1 billion, more than double an earlier S$6.8 billion estimate and equal to 1.9% of GDP, with a FY2026 surplus projected at S$8 billion.
- Workers’ Party chief Pritam Singh called for public report cards tracking results from major allocations, citing the S$40 billion Forward Singapore package and the expanded S$37 billion RIE 2030 plan.
- Opposition MPs questioned the necessity of the 2023–24 GST hikes in light of the windfall and said repeated underestimation raises concerns about unnecessary hoarding of funds.
- PAP MPs argued the larger‑than‑expected buffers serve as strategic insurance to safeguard resilience and preserve Singapore’s freedom of action in a volatile world.
- Lawmakers proposed sharing excess surpluses, including giving back amounts above 2% of GDP through larger CDC vouchers, universal CPF top‑ups or targeted rebates, with Singh also urging a more needs‑based CDC voucher design for bigger households.