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… & You!
How will Singaporeans benefit?
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
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
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
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
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
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
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.
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.
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.
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.
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.

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Budget 2013 summary

  • 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.