Economics

Winners and Losers From Singapore's 2019 Budget Plan

A quick look at some of the winners and the losers from Singapore’s budget plan announced Monday.(Source: Bloomberg)

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By Livia Yap

February 18, 2019 at 9:36 AM UTC

Corrected

February 19, 2019 at 1:16 PM UTC

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Singapore Finance Minister Heng Swee Keat delivered a budget that included more health-care and military spending ahead of a general election that could come as early as this year.

Heng unveiled more support for the aging population on Monday, as well as measures to help local businesses and “transform” the economy for the year starting April 1. The government expects to spend S$4.6 billion ($3.4 billion) over three years to boost Singapore’s growth, he said. The Parliament will discuss the plan next week.