Singapore Government
Singapore Budget 1996
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Budget 1996

  PART I: REVIEW OF THE ECONOMY  
 
 
 
 
 
 
 
 
  PART II: THE FY96 BUDGET  
 
 
 
 
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ANNEXES

 
 
 
 
 
 
   
 

 
 
Budget Speech 1996
   
 
 

Tax Changes For Individuals

CPF Medisave Top-Up Scheme

Medical costs are matters which concern every Singaporean, especially older citizens. Medisave, Medishield and Medifund have provided for the medical needs for nearly all citizens. Nevertheless, many still worry whether they have provided enough for themselves and their families. This worry is really not justified. But as a gesture to reassure Singaporeans and to emphasise the key role of Medisave in providing for the medical needs of citizens, the Government will pay $200 into the Medisave account of every Singapore citizen aged 21 and above. The payment will be made on 1 October 1996. This is expected to cost the Government $390 million.

 
 

 
   
 
 
   
     
 
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