3. Key Budget Benefits
for Families Mr and Mrs Ong can look forward to easier
access to pre-school education and more
school based student care for their children.
• Reduced FDW levy
• GST Vouchers
- U-Save *Mr Ong’s Family
• Service and Household Income: $7,000
Conservancy Charges Housing Type: 4 room flat
(S&CC) Rebates
Employs a Foreign Domestic Worker
• Personal Income Tax
Rebate
• More progressive
property tax
• Enhanced pre-school
education
• More school based
student care
4. Key Budget
Benefits for Mr Lim will be getting higher CPF contribution from
his employer.
Low Wage His employer will also encouraged to share
Workers productivity gains through pay raises with the WCS.
• Enhanced and
Expanded Workfare
Income Supplement
Scheme * Mr Lim, 45, Cleaner, Income: $1,000
• More training Housing Type: 3 room flat
opportunities with
enhanced WTS
• GST Vouchers
- Service and
Conservancy Charges
(S&CC) Rebates
• Higher CPF contribution
• Wage Credit Scheme
5. Mr and Mrs Halim will enjoy subsidies for a wider
Key Budget range of assistive devices (e.g. motorised wheelchairs,
shower chairs and hearing aids) for to help them
Benefits for stay active and independent.
Elderly Retirees The fund will also subsidise healthcare consumables
for low income seniors living at home.
One-off MediSave Top
Up
GST Vouchers
• Service and
* Mr Halim, 72 and Mrs Halim 68, Retirees
Housing Type: 3 room flat
Conservancy Charges
(S&CC) Rebates
• Expanded Senior’s
Mobility and Enabling
Fund
6. Key Budget Benefits Mary can look forward to more accessible help
for the Needy & with the new one- stop social service offices in
HDB towns.
Disadvantaged
• Increased Public
* Mary, 50, is wheelchair bound and
suffers from chronic illness
Assistance Housing Type: 1 room flat
• GST Vouchers
• Service and
Conservancy Charges
(S&CC) Rebates
• 20 new Social Service
Offices in HDB towns
7. Key Budget Benefits Murali can look forward to upgrading with
for PMETS training programs tailored specially for PMETs
under STEP and CaliberLink, a one-stop service
• Personal Income Tax that integrates training assistance with career
Rebate services.
• Progressive Property Tax
• GST Vouchers *Murali, 30, accountant. Income: $4,500
• Service and Conservancy Housing Type: 5 room flat
Charges (S&CC) Rebates
• Skills Training for
Excellence Programme
(STEP)
• CaliberLink
• Greater protection for
junior PMEs under
extended Employment
Act
8. Benefits over the next 3 years…
Key Budget Benefits
Government will
for Business She can get a fund 40% of wage
Owners 30%
corporate
increases given to
her Singaporean
Further Five- income tax employees earning a
year COE rebate of up gross monthly wage
• Wage Credit Scheme Renewal for to $30,000 of up to $4,000
(WCS) her catering
• Productivity and trucks to ease
cash flow
Innovation Credit (PIC)
Bonus She will get
dollar-for-dollar
• Corporate Income Tax matching cash
(CIT) Rebate bonus of up to
$15,000 if she
• Further Five-year COE The company will
spends more than
also get 30% road
Renewal for tax rebate on $5,000 to raise
Commercial Vehicles commercial productivity.
• Road Tax Rebate vehicles to relieve
business costs.
Ms Woo - Catering Business Owner
9. We are The Budget
continuing the We are also helps make
effort to making
The Budget is transform our a better
important
more than economy to Singapore,
goodies for
create better shifts in our
individuals and
businesses… jobs and allow social policies a better future
for a to foster a fair for all
better quality and more Singaporeans.
of life. inclusive
society.
10. Restructuring our Economy
For Companies Encouraging
• Increased Foreign • Productivity and companies to
Workers Levies Innovation Credit (PIC) share
productivity
• Reduced DRC • Technology Adoption gain with
Programme workers
• Increase in S Pass through Wage
Qualifying Salary For Workers Credit Scheme
• Support in Upgrading
and Retraining
The Government is committed to our ongoing effort to restructure our economy
for better jobs, to allow for a better quality of life.
11. Housing
•Ramping up of flat
supply
•Extension of the
Parenthood
Provisional Affordable home for
Housing Scheme to •Stabilise BTO everyone
married HDB first prices by de-
• First timer singles now
timers linking them
allowed to buy flats from
from the resale
HDB.
•Extend Parenthood market
Priority Scheme to • Further steps to help two
pregnant mothers vulnerable groups of
•Curb speculative second-timers by doubling
demand in our the second-timer quota for
property market 2-room and 3-room flats in
with cooling non-mature estates from
measures 15% to 30%.
The Government has put in place measures to help the majority of Singaporeans
fulfil their dreams of owning their own homes.
12. Transport
• Introduction of quality Shifting peak
incentive framework for
•Bus Service
greater predictability of
hour demand to
Enhancement
bus services ease congestion
Programme to be
completed by 2014 • Study to further
instead of 2016 • Greater priority for enhance incentive for
buses on the road with off-peak travel
•Tapping on private more mandatory bus
operators for more give-way at more bus • Working with
bus routes bays and extending bus employers to
lanes encourage flexi-work
•More new trains and arrangements
upgrading signalling • Higher reliability
system to boost standards for rail
frequency operators
The Government will spare no effort to address the public transport challenges
commuters face today.
13. Healthcare
• Major review of •4,100 new hospital • Enhancing standards
healthcare beds by 2020 for nursing home care
financing
framework. Gov to •Planning for four new •Better support for care
take on larger acute hospital beyond at home with subsidies
share of cost. 2020 for healthcare needs
and respite care
•Extended •More polyclinics by services
MediSave for use 2020
at National Dental •Better service delivery
Centre and •More training capacity with one-stop access
Polyclinics to develop manpower for all aged care
related issues under
Agency for Integrated
Care
The Government is committed to build an inclusive healthcare system that ensures
accessible, affordable and quality healthcare for all.