SINGAPORE -- Singapore will increase subsidies to households by 3 billion Singapore dollars ($2.26 billion) to help offset rising living costs and a higher sales tax, the government announced on Tuesday.
Economy
Singapore budget aims to cushion 'brutal' inflation with subsidies
Wary of deficit, city-state is also seeking to beef up its tax revenues
Singapore is looking to cushion inflation, among other priorities, with its next budget. © Reuters
Read Next
Latest on Economy
