Key Insight

Government operating revenue and IRAS collection have shown a consistent upward trend from 2002 to 2023, with a notable dip in 2020 likely due to the economic impact of the COVID-19 pandemic. The recovery in subsequent years demonstrates resilience. IRAS collections consistently account for a significant portion of total government operating revenue.

Small Interesting Points of Note

The rate of increase in both revenue streams appears to accelerate after 2010. The ratio of IRAS collection to total government operating revenue warrants further investigation for potential implications of tax policy changes.

Methodology

• Data was extracted from the provided JSON response from the data.gov.sg API.
• Numerical values for "total_gov_operating_rev" and "iras_collection" were converted to integers for analysis.
• Trends were observed through visual inspection of the data and simple calculations of year-on-year changes.
• The dip in 2020 is noted as a significant anomaly.
• No statistical models (like linear regression) were deemed necessary given the clear visual trends. More sophisticated modelling could provide deeper insights, but a simple observation suffices for this initial report.

Footnotes

No footnotes needed for this dataset. All data was used as presented.