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Green Budgeting in Singapore: A Progress Update

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Green Bond Framework

23 January 2025

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The Ministry of Finance published an Occasional Paper titled “Green Budgeting in Singapore: A Progress Update”. This Occasional Paper outlines the Government’s green budgeting approach.

Green budgeting takes into account sustainability considerations in the management of our public finances and supports our commitment to climate action. The Government’s budgeting framework has been enhanced over the years in tandem with our latest national strategies and targets on climate and sustainability.

Our green budgeting approach seeks to align with international frameworks and practices, to support our development and implementation of environmentally friendly policies. At the same time, we have designed our green budgeting approach to be efficient and fit-for-purpose, as well as to keep the administrative cost and burden manageable.

This Occasional Paper outlines the Government’s principled yet pragmatic approach to green budgeting and represents a reasonable way forward as we make continuous improvements in light of experience.

Read the full “Green Budgeting in Singapore: A Progress Update” Occasional Paper

Press Release: Progress in Sustainable Finance: Second Edition of Singapore Green Bond Framework and MOF’s Progress Report on Green Budgeting Practices

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