For many people going about their daily lives, Budget 2016 may have sounded like any other in the past few years. Take accountant Cheong Ying Fen. The 27-year-old said she read the news reports but nothing really stood out for her.
SINGAPORE - Finance Minister Heng Swee Keat on Thursday (March 24) announced special transfers for households amounting to $500 million. Find out if you qualify for any of the schemes with our Budget 2016 calculator.
The absence of any measures in Budget 2016 to help the beleaguered property sector was greeted with an air of resignation among industry players, and disappointment by some home owners hoping to buy an investment property.
SINGAPORE - Mr Heng Swee Keat's maiden Budget announced on Thursday (March 24) afternoon has a singular focus: to transform companies, so they can work together and with the government, to raise productivity, automate and innovate processes, and expand overseas.
Mr Heng Swee Keat chose as the title of his first Budget statement "Partnering for the Future" - reflecting his preference for collaboration as the best way to grow and transform the economy, and nurture a caring society.
It may only be a cup of coffee, but the rising price of this key consumer item is an example of the cost-of-living crunch that some Singaporeans are experiencing.
Budget in Graphics
With fewer clients using her contractor husband's renovation services, commodity specialist Wong C.K., 41, and her family have had to make swift decisions to cope with a smaller budget.
Mr Chow Khai Cheng remembers when customers used to splurge over $1,000 on a kilogram or two of sea cucumbers at his dried goods store in Chinatown a few years ago.
Singapore is required under the Constitution to keep to a balanced Budget over each term of Government. Social development spending made up almost half of the Government's expenditure for 2015, while a large portion of the operating revenue came from corporate income tax.
RECAP: BUDGET 2015
SINGAPORE - Eligible Singaporeans who had previously signed up for the Government's GST Voucher scheme will receive an additional payout of up to $200 each by Nov 5, said the Ministry of Finance (MOF) on Tuesday (Nov 1).
SINGAPORE - The People's Association (PA) has to cater to an increasingly sophisticated population, but remains non-partisan, said Minister in the Prime Minister's Office Chan Chun Sing on Thursday (April 14).