SMU Political-Economic

Exchange

AN SMU ECONOMICS INTELLIGENCE CLUB PRODUCTION

-
-
-

Andrew Tan, Columbia University

:

Copyright 2012 SMU Economics Intelligence Club

25,000

Budget Surplus/Deficit 1997-2012 (Real)

Surplus/Deficit ($ Millions)

20,000
15,000
10,000
5,000

0
-5,000

97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12

-10,000

Actual
Overall
Surplus/
Deficit
Estimate
d Overall
Surplus/
Deficit
Net
Income

-15,000
-20,000

Year

Fig 1: Budget Deficit/Surplus & Net Income.

Source: Ministry of Finance

1997

1.

50%

2S1

Fig. 2. Reported and adjusted budget surplus, S$ billion

Source: Journal of Asian Economics

Copyright 2012 SMU Economics Intelligence Club

2.08

3.
3

201164.581.9

Actual vs Estimated Surplus/Deficit (Real)

10,000

Surplus/Deficit ($ Millions)

8,000
6,000
4,000
2,000
0
-2,000

07

08

09

10

-4,000
-6,000

11

12

Actual
Overall
Surplus/
Deficit
Estimated
Overall
Surplus/
Deficit

-8,000
-10,000

Year

Fig 3: Actual vs Estimated

Source: Ministry of Finance

30OECD
2012GDP0.4%OECD-6.6%
OCED
:3.4%1.9%-3.2%
AAA
GDP100%
CPF

Copyright 2012 SMU Economics Intelligence Club

2007-2012
4

2012
CPF

2010 43.6%2011 44.8%

Government Expenditure (2007-2012)

50
% of Total Expenditure

45

SOCIAL
DEVELOPMENT

40
35

SECURITY &
EXTERNAL
RELATIONS
ECONOMIC
DEVELOPMENT

30

25
20
15

GOVERNMENT
ADMINISTRATION

10
5
0
2007

2008

2009

2010
Year

Fig 4: Government Expenditure

Source: Ministry of Finance

Copyright 2012 SMU Economics Intelligence Club

2011

2012

Selected Expenditure Figures (2007-2012)

35

% of Total Expenditure

30
25

Health

20
Community
Development, Youth
and Sports

15
10

Defence

5
0

2007

2008

2009
2010
Year

2011

2012

Transport

Fig 5: Selected Expenditure Figures

Source: Ministry of Finance

4 5

508

2012

Copyright 2012 SMU Economics Intelligence Club

140

Budget Trends '07-'12 (Base Year: 2007)

% Growth

120
100

% Change in
Expenditure

80

% Change in
Total Outlay

60

% Change in
Social Transfers

40

% Change in
Population

20
0
2007 2008 2009 2010 2011 2012
Year
Fig 6: Budget Trends
Source: Ministry of Finance

2012

Copyright 2012 SMU Economics Intelligence Club

Copyright 2012 SMU Economics Intelligence Club


Myat Thiha Kyaw,
:

Kyat, K
SDRs1 6.4
1:800-850 130 35

2012 4 2 CBM 1:818

CBM

Kyat

Copyright 2012 SMU Economics Intelligence Club

1 SDRsIMF

1996

Geary-Khamis

CNBC, International Monetary Fund

Copyright 2012 SMU Economics Intelligence Club


Alok Balachandran

20 90
20 90
1991

21

1 2003 2008
9
6.1
6

1
www.marketoracle.co.uk

Copyright 2012 SMU Economics Intelligence Club


80
7
RBI

2
2011-12 GDP 9
5.9 -

Pranab Mukherjee
2013 5.1

2010
70 2G $352.4
2128.7

Copyright 2012 SMU Economics Intelligence Club

2011 6.5
2012 4.5
6 2%

2
3 CPI

Copyright 2012 SMU Economics Intelligence Club

The S&P 500 is a free-float capitalization-weighted index published since 1957 of the prices of 500 large- cap common stocks
actively traded in the United States. It has been widely regarded as a gauge for the large cap US equities market
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country indices: China, Hong Kong, India, Indonesia, Korea, Malaysia, Philippines, Singapore, Taiwan, and Thailand.
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capitalization companies across 18 countries of the European region: Austria, Belgium, Denmark, Finland, France, Germany, Greece,
Iceland, Ireland, Italy, Luxembourg, the Netherlands, Norway, Portugal, Spain, Sweden, Switzerland and the United Kingdom.

Correspondents
Shane Ai Changxun

Ben Lim

changxun.ai.2010@smu.edu.sg

ben.lim.2010@smu.edu.sg

Singapore Management University

Singapore

Singapore Management University

Singapore

Kwan Yu Wen

Tan Jia Ming

ywkwan.2010@smu.edu.sg

jiaming.tan.2010@smu.edu.sg

Singapore Management University

Singapore

Singapore Management University

Singapore

Herman Cheong (

Wq.cheong.2011@smu.edu.sg
Singapore Management University
Singapore
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