|
Budget Surplus
Operating revenue for FY2001 is estimated
at $34.27 billion with total expenditure estimated at
$28.05 billion. After discounting special transfers
to the CPF Top-Up Scheme and 3 endowment funds (namely,
the Lifelong Learning Endowment Fund, the ElderCare
Fund and the Medical Endowment Fund), the estimated
out-turn for FY2001 is a budget surplus of $4.37 billion.
Further details are at Annex
B.
Government's budget policy continues to be characterised
by restraint in Government expenditure. Total expenditure
is kept at a level that can be sustained by operating
revenue. Deficits are avoided unless the circumstances
are exceptional.
The budget out-turns for the years
FY1995 to FY2001 are shown in the following chart.
Click
here to view the Budget Surplus Chart
|
