The overall fiscal position is sound and resilient, with an expected surplus of $8.5 billion for fiscal year (FY) 2026, compared with 2025’s revised surplus of $15.1 billion.

The surplus was led by a jump in corporate income tax for FY2025.

Setting aside the Net Investment Returns Contribution (NIRC) and special transfers, the primary deficit comes up to $2.6 billion.

The overall surplus or deficit shows the difference between revenue and expenditure after accounting for NIRC and special transfers, whereas the primary surplus or deficit shows the difference between operating revenue and total expenditure.

The largest expenditure in 2026 is expected to be for the social development sector – $65.8 billion, accounting for 41 per cent of total Budget expenses.

NOTE: Total figures may not tally due to rounding.

The largest source of revenue for 2026 is expected to come from corporate income tax – $37.8 billion, which is 23 per cent of the overall Budget revenue.

NOTE: Total figures may not tally due to rounding.

Budget 2026 highlights

Below are the highlights of Budget 2026, including areas that saw the biggest increases or cuts, as well as the sector with the smallest changes in expenditure and revenue. Click on each tab below to learn more.

Explore Budget 2026

See the breakdown of allocated expenditure and collected revenue for each sector. Find out which sector contributed the most to the national Budget. Click on each tab below to learn more.