The Singapore government is improving wealth data collection through the combination of survey data and administrative records, with no immediate plans to introduce new legislation for granular asset disclosures. The next Household Expenditure Survey is scheduled for 2028.
The government has made its best effort by combining survey data from the Household Expenditure Survey with administrative records and has progressively improved the coverage and quality of the wealth data captured.
It will continue to study how data collection methods can be strengthened. Singapore relies primarily on survey-based approaches and there are no plans at this point to seek additional legislative or administrative powers to require more granular asset disclosures solely for inequality measurement. Senior Minister of State for Finance Jeffrey Siow, who said this in reply to parliamentary questions on Wednesday , told the House that the next cycle of the HES is planned for 2028, and the government will consider whether additional indicators can be provided. It will continue to study how data collection methods can be strengthened. Singapore relies primarily on survey-based approaches and there are no plans at this point to seek additional legislative or administrative powers to require more granular asset disclosures solely for inequality measurement. Senior Minister of State for Finance Jeffrey Siow, who said this in reply to parliamentary questions on Wednesday , told the House that the next cycle of the HES is planned for 2028, and the government will consider whether additional indicators can be provided.We know it's a hassle to switch browsers but we want your experience with CNA to be fast, secure and the best it can possibly be.
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