For FY2002, the revised estimate for operating revenue is $29.07 billion, and that for total expenditure is $27.36 billion. After discounting special transfers totalling $1.81 billion, the expected budget deficit is $94 million.

A summary of the revised FY2002 operating revenue, operating expenditure and development expenditure estimates is given in Table III below.

Actual FY2001 Revised FY2002 Change over FY2001   $b $b $b % OPERATING REVENUE 29.87 29.07 -0.80 -2.7   Tax Revenue 24.17 21.11 -3.06 -12.7   Fees and Charges 4.13 4.02 -0.11 -2.7   Net Investment Income Contribution 1.38 3.81 2.43 176.8   Others 0.19 0.13 -0.06 -29.9 Less: TOTAL EXPENDITURE 27.31 27.36 0.05 0.2   Operating Expenditure 18.54 19.52 0.99 5.3   Development Expenditure 8.77 7.83 -0.93 -10.7 SURPLUS/(DEFICIT) 2.57 1.71 -0.85 -33.3 Less: SPECIAL TRANSFERS 5.26 1.81 -3.46 -65.7   Economic Restructuring Shares 0.00 1.20 1.20 n.a.   Lifelong Learning Endowment Fund 0.50 0.50 0.00 0.0   Medical Endowment Fund 0.10 0.10 0.00 0.0   CPF Top-Up Scheme 1.01 0.01 -1.00 -99.5   New Singapore Shares 2.45 0.00 -2.45 -100.0   ElderCare Fund 0.50 0.00 -0.50 -100.0   Skills Development Fund 0.50 0.00 -0.50 -100.0   Community Assistance Fund 0.20 0.00 -0.20 -100.0 BUDGET SURPLUS/(DEFICIT) (2.70) (0.09) 2.60 -96.5 (Note: Figures will not tally due to rounding)