Budget 2013 summary

… & 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


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


• 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


• Expanded Senior’s Mobility and Enabling Fund

* Mr Halim, 72 and Mrs Halim 68, Retirees


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


• 20 new Social Service Offices in HDB towns

* Mary, 50, is wheelchair bound and

suffers from chronic illness


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


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.

Documents

Budget 2013 summary