Singapore Government
Singapore Budget 1998
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Budget 1998
   

 

 
 
Budget Speech 1998
 
Part I: Review Of The Economy
   
  Economic Performance In 1997
   
  Outlook For 1998
 

What Caused The Crisis

Outlook For The Singapore Economy

Lessons From The Financial Crisis

Policy Stance/Adjustments

   
  Fiscal Policy
   
  Education
   
  Economic Infrastructure
   
  Defence
   
  Wage Restraint & Skills Upgrading
   
  Local Enterprise Financing Scheme
   
  JTC/HDB Rentals
   
  Government Land Releases
   
  Private Residential Properties
   
  Executive Condominiums
   
  Commercial Space & Hotel Room
   
  Conclusion
   
Part II: The FY98 Budget
   
  Expenditure Policy
   
  FY98 Expenditure Estimates
   
  Expenditure Priorities
 

Operating Expenditure

Development Expenditure

   
Part III: Revenue And Tax Changes
   
  Tax Changes For Companies
 

Tax Incentives to Promote Fund Management

Tax Incentives to Promote the Bond Market

Taxation of Unit Trusts

Tax Exemption Scheme for Syndicated Offshore Credit and Underwriting Facilities

Tax Deduction for General Provisions Made by Banks and Merchant Banks

Extension of Tax Holiday for SIMEX

Extension of Venture Capital Incentives

Tax Incentives for Exhibition Organisers

Approved Cyber-Trader Scheme

One-Year Accelerated Depreciation Allowance for Industrial Noise and Chemical Hazards Control

   
  Tax Changes For Individuals
 

Income Tax Rebate

Rebates on HDB Service and Conservancy and Rental Charges

Rebates for Revisions in Utilities Rates

Pre-Medisave Top-Up Scheme

Revision of CPF Interest Rates for Special and Retirement Accounts and Voluntary Transfer of CPF Savings from Ordinary Account to Special Account

   
  Other Tax Changes
 

Property Tax Rebate

Property Tax Exemption for Land Under Development

Stamp Duties

Duties on Cigarettes

Electronic Road Pricing and Vehicle Tax Rationalisation

   
  Conclusion
   
ANNEXES
     
  ANNEX I: Accelerated Depreciation Allowanc For Noise Control In Factories
     
  ANNEX II: Accelerated Depreciated Allowance For Chemical Hazard Control In Factories
     
  ANNEX III: Instruments Where Stamp Duty Is Abolished
     
  ANNEX IV: Duties on Cigarettes
 
   
     
 
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