Q &A: Primer

Budget 2018 - and how it affects the running of Singapore

This is the third of 12 primers on current affairs issues that are part of the outreach programme for The Straits Times-Ministry of Education National Current Affairs Quiz

The Budget topic that got most Singaporeans talking was the impending GST hike. Finance Minister Heng Swee Keat said Singapore had a "tight" fiscal position, and in the long run, trends such as ageing meant more money was needed.
The Budget topic that got most Singaporeans talking was the impending GST hike. Finance Minister Heng Swee Keat said Singapore had a "tight" fiscal position, and in the long run, trends such as ageing meant more money was needed. ST PHOTO: KUA CHEE SIONG
New: Gift this subscriber-only story to your friends and family

A All countries have one. Essentially, each year the government of a country sets out its expected income and expenditure for the following 12 months. It takes into account all sorts of projects each ministry has on the cards, as well as its revenues from all forms of income.

A For one thing, the Budget is a concrete plan of the direction a country is heading in, offering specific plans too on what is about to happen.

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

Unlock these benefits

  • All subscriber-only content on ST app and straitstimes.com

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Join ST's Telegram channel and get the latest breaking news delivered to you.

A version of this article appeared in the print edition of The Straits Times on April 16, 2018, with the headline Budget 2018 - and how it affects the running of Singapore. Subscribe