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Check out these retro videos from Encyclopedia Britannica’s archives. - Demystified Videos
In Demystified, Britannica has all the answers to your burning questions. - #WTFact Videos
In #WTFact Britannica shares some of the most bizarre facts we can find. - This Time in History
In these videos, find out what happened this month (or any month!) in history. - Britannica Explains
In these videos, Britannica explains a variety of topics and answers frequently asked questions.
- Student Portal
Britannica is the ultimate student resource for key school subjects like history, government, literature, and more. - COVID-19 Portal
While this global health crisis continues to evolve, it can be useful to look to past pandemics to better understand how to respond today. - 100 Women
Britannica celebrates the centennial of the Nineteenth Amendment, highlighting suffragists and history-making politicians. - Britannica Beyond
We’ve created a new place where questions are at the center of learning. Go ahead. Ask. We won’t mind. - Saving
Earth
Britannica Presents Earth’s To-Do List for the 21st Century. Learn about the major environmental problems facing our planet and what can be done about them! - SpaceNext50
Britannica presents SpaceNext50, From the race to the Moon to space stewardship, we explore a wide range of subjects that feed our curiosity about space!
Explain five reasons why it is important for the government to prepare the national budget annually.
- It enables the government to identify sources of revenue that will be required to meet its financial obligations.
- It enables the government to explain to the public the tax structure/set the tax levels.
- It ensures that there is a balance in the country’s revenue and expenditure hence avoiding budget deficit
- The government is able to identify ways of spending without any wastage.
- Parliament is able to monitor public resource utilization through its watchdog committees.
- It enables the government to identify/prioritize the development projects to finance in the coming year.
- The government is able to assess its performance in the previous year and improve where necessary.
- The government is able to set aside some funds to be used in case of emergencies in the course of the financial year.
- The budge to provides useful information to individuals/organizations that maybe interested in keeping track of government expenditure/enhances accountability and transparency in the eyes of the public.
- The government is able to win confidence among local and international development partners/donors through its plans and policies spelt out in the budget.
- To ensure equitable share of resources and balanced development.
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The Singapore Budget is prepared for each financial year, which begins on 1 April and ends on 31 March the following year. The Budget includes the revised government revenue and expenditure projections for the current financial year, as well as the government revenue and expenditure estimates for the upcoming financial year.
The Budget Logo
About the Logo Design
Singaporeans lie at the heart of each Budget.
The three figures supporting one another symbolise the unity of our people, coming together with tenacity and commitment to explore new opportunities together and to reach new frontiers as One Singapore.
The circles curve over as they increase in size, representing a unified progression. The colours in the logo signify a nation optimistic about a sustainable future with greater inclusiveness.