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Singapore Budget 2003
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Budget 2003
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  ANNEXES
 
 
 
 

 
 
Budget Speech 2003
   
Parliamentary Statement by DPM and Minister for Finance on Help Measures For Singaporeans and Businesses, 29 Aug 2003
 

Summary of Measures

 
S/n Measures
Impact($mn)
Help with Mortgage Payments
1 Lessen impact on Ordinary Account (OA) in the design of the CPF changes
-
2 HDB loan restructuring on case-by-case basis
-
3 Special Account (SA) to be used to meet mortgage shortfall
-
4 Bridging loans
-
HDB Policy Changes
1 Relaxation of rules on subletting of whole flat
-
2 Keeping HDB purchase flats affordable
-
3 Extension of Public Rental Scheme
-
Help for Singaporeans
1 Utilities-Save Scheme for the low income
54
2 Setting up Public Transport Funds for the low income
-
3 Savings on healthcare costs
-
4 People-For-Jobs-Traineeship Programme for older workers
36
5 Work Assistance Programme for the unemployed
40
6 Training For Employment Scheme
2
7 More for older workers in future surplus sharing schemes
-
Help For Businesses
1 International Enterprise Incentive Scheme
90
2 Domestic Sector Productivity Fund
45
3 Second Tranche of Loan Insurance Scheme
8
4 Local Enterprise Finance Scheme
25
5 Bridging Loan Programme for all SMEs
5
6 Tourism Recovery Fund
100
7 Rebates for non-gazetted hotels
1
8 Extending statutory life spans of omnibuses and taxis
17
9 Diesel tax rebate for taxis
4
10 Lower Taxi Operator Licence fee
-
Construction Industry
1 Acceleration of infrastructure projects
600
Government's Cost Cutting Initiatives
2 Review of civil service salaries
-
3 Cut Waste Panel
-
TOTAL
1027

ADDITIONAL UTILITIES-SAVE REBATES

HDB flat type
Rebate to be given in Dec 03
Rebate to be given in Feb 04
Total Rebate
1-room
$100
$100
$200
2-room
$100
$100
$200
3-room
$50
$50
$100
4-room
$50
-
$50
5-room
$30
-
$30


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