The FY2016 Budget by Finance Minister Heng Swee Keat sent many parents-to-be, me included, into a frenzy this afternoon. Excitedness quickly flooded the chat rooms and forums. We understand the extra $450 medisave claim in pre-delivery expenses (yay!), but is the government giving out an additional $3K into the baby’s Child Development Account (CDA) as part of their new ‘First Step’ grant? Yes and no. I’ll explain this. Right-click on the above image and open it in a new tab as you read on…