No time to read about Budget 2018? Check out this video on the key Budget announcements.

SINGAPORE - Finance Minister Heng Swee Keat presented the Budget before Parliament on Monday (Feb 19), laying out the Government's revenue and expenditure for the 2018 financial year.

The crop of announcements included raised GST, enhancements to the Proximity Housing Grant, and a one-off "hongbao" from the previous year's bumper Budget surplus.

Here are nine things from this year's Budget announcements that will affect ordinary Singaporeans.

1. Increased GST
2. GST to be imposed on digital imported services
3. One-off SG Bonus for all Singaporeans
4. Enhanced Proximity Housing Grant
5. Buyer's Stamp Duty rates for residential properties to increase
6. Tobacco excise duty to increase by 10%
7. Foreign domestic worker levy
8. Additional Utilities-Save
9. Service and Conservancy Charges rebate



Published by THE STRAITS TIMES, Feb 19, 2018, 6:13 pm SGT