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The Size, Structure and Growth of Budgetary Expenditures of Singapore

The Size, Structure and Growth of Budgetary Expenditures of Singapore The Size, Structure and Growth of Budgetary Expenditures of Singapore Mukul Asher and Amina Tyabji Department of Economics, University of Singapore. INTRODUCTION It is widely acknowledged that the public sector, which includes the general government sector and financial and non-financial public enterprises, plays a pivotal role in the economic life of Singapore.' The main functions of the general government sector are to produce nonmarket services primarily for collective con- sumption, to transfer income to other sectors for purposes of public policy, and to maintain high employment, price stability, and economic growth. Since one of the major instruments through which the government sector attempts to realize its objectives is its budget, the size, structure, and growth of various categories of budgetary expenditures are a matter of some importance. The main purpose of this paper is to analyse the size, structure, and growth of various categories of expenditures incurred by the general government sector of the Republic of Singapore since its separation from the Federation of Malaysia in 1965. Thus, our focus is on financial transactions rather than on physical inputs and out- puts of government programmes. This emphasis on physical aspects is one of the major advantages of the http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Asian Journal of Social Science Brill

The Size, Structure and Growth of Budgetary Expenditures of Singapore

Asian Journal of Social Science , Volume 5 (1): 66 – Jan 1, 1977

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Publisher
Brill
Copyright
© 1977 Koninklijke Brill NV, Leiden, The Netherlands
ISSN
1568-4849
eISSN
1568-5314
DOI
10.1163/080382477X00065
Publisher site
See Article on Publisher Site

Abstract

The Size, Structure and Growth of Budgetary Expenditures of Singapore Mukul Asher and Amina Tyabji Department of Economics, University of Singapore. INTRODUCTION It is widely acknowledged that the public sector, which includes the general government sector and financial and non-financial public enterprises, plays a pivotal role in the economic life of Singapore.' The main functions of the general government sector are to produce nonmarket services primarily for collective con- sumption, to transfer income to other sectors for purposes of public policy, and to maintain high employment, price stability, and economic growth. Since one of the major instruments through which the government sector attempts to realize its objectives is its budget, the size, structure, and growth of various categories of budgetary expenditures are a matter of some importance. The main purpose of this paper is to analyse the size, structure, and growth of various categories of expenditures incurred by the general government sector of the Republic of Singapore since its separation from the Federation of Malaysia in 1965. Thus, our focus is on financial transactions rather than on physical inputs and out- puts of government programmes. This emphasis on physical aspects is one of the major advantages of the

Journal

Asian Journal of Social ScienceBrill

Published: Jan 1, 1977

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