, Singapore
363 views

Singapore health costs to decline this year but still higher than 2019: Fitch

Health expenditure declined from $17.b in 2022.

The health expenditure in Singapore is expected to decline in 2023 whilst the government continues to support its elderly population, Fitch Solutions’ report showed.

The overall health expenditure is expected to fall by almost 2% compared to 2022 to $16.9b in 2023 from $17.2b in 2022.

Fitch said the decline is attributed to the improving pandemic situation in Singapore and the shift to an endemic phase.

But the research firm said despite a decline in health spending, it is still high in “historical terms and is significantly above pre-pandemic spending levels.”

The higher expenditure was attributed to “Singapore’s ageing population and the importance of promoting preventative care measures to ensure a healthier population,” Fitch also said.

Join Singapore Business Review community

Follow the link for more news on

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Top News

September surge masks looming export slowdown to 6% in 2027
Maybank raised its 2026 forecast to 27% from 18% in the same report.Non-oil domestic exports (NODX) growth could slow to 6% in 2027 as supply chain pressures and higher financing costs weigh on shipment momentum, Maybank Research Pte Ltd said.
Economy