The Singapore Budget is prepared for each financial year, which begins on 1 April of every calendar year and ends on 31 March of the next calendar year. The Budget includes the revised Government revenue and expenditure projections for the current financial year, as well as the planned Government revenue and expenditure for the upcoming financial year.
The Budget Feedback Process
Before drawing up the Budget, MOF starts its public consultation process a few months prior to Budget day to gather feedback for the next financial year’s Budget. All views and suggestions submitted during the feedback period are taken into account in the design of the Budget. After which, the Government finalises and approves the Budget.