Over the Chinese New Year weekend, Finance Minister Heng Swee Keat remarked that "everyone has been asking me if there will be a hongbao", or red packet, in this year's Budget. This wish was promptly answered.
The 2018 Singapore Budget announced on Monday includes a one-off cash payment to every adult Singaporean of $100 to $300, known as the SG Bonus. This will no doubt be popular with citizens and will be especially appreciated by lower-income households.
In social policy analysis, these cash payments are viewed as irregular transfers. They are irregular in that individual payments are one-off rather than routine or permanent, and are not regarded as part of the overall framework of social policy to address specific social needs.
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