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