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Budget 2006
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Budget Speech 2006
Become a Knowledge Hub
2.7 First, becoming a knowledge hub.
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INDEX
PART I - TAKING STOCK
PART II - UPGRADING AND RESTRUCTURING THE ECONOMY
Become a Knowledge Hub
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Invest in R&D - Knowledge Creation
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Bring the World to Singapore - Knowledge Exchange
Build on our Strengths in Manufacturing and Services
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Manufacturing as a Key Engine of Growth
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Develop a Full-Service Global Financial Centre
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Grow Dynamic Maritime and Logistics Industries
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Build Up New Services
Support Entrepreneurship and Enterprise
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Support Local Enterprises Going Global
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Reduce the Regulatory Burden on Local Enterprises
Grow our Human Capital
Maintain a Competitive Tax Environment
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Personal Taxes
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Corporate Taxes
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Goods and Services Tax
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Assets Taxes
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Other Taxes
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Fiscal Sustainability
PART III - HELPING SINGAPOREANS MOVE FORWARD TOGETHER
Expand Job Opportunities
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Job Re-creation Programme
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ADVANTAGE!
Higher Skills for Better Jobs
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Workforce Skills Qualifications System
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Top-up to Lifelong Learning Fund
Social Support to Enable Work
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Work Support
Creating Hope for the Future
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Raise Income Thresholds for Financial Assistance Scheme
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More Support for Kindergarten and Childcare
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Raise Income Threshold for Edusave Merit Bursary
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Invest in Vocational Training
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Expand HOPE
Rewarding Work
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Additional CPF Housing Grant
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Affordable Housing Options
Sharing in the Nation's Progress
PART IV - A PROGRESS PACKAGE
Share the Fruits of Growth with all Singaporeans
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Growth Dividends
Reward Low-Wage Workers for Work
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Workfare Bonus
Help Lower-Income Households
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Utilities-Save Scheme
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Rebates for Service & Conservancy Charges and Rent
Help the Elderly meet Retirement and Healthcare needs
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Top-ups to Eldercare Fund and Medifund
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Top-ups to CPF Special / Retirement and Medisave Accounts
Invest in the Next Generation
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Opportunity Funds
Recognise the contributions of our NSmen
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40th Anniversary NS Bonus
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ORNS Completion Award
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Additional Tax Relief for NS Key Command and Staff Appointment Holders
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Changes to the assessment period for NSmen tax relief
How the Progress Package will help typical families
PART V – CONCLUSION
FY06 Budget Position
Singapore - Our Best Home
ANNEXES
Annex A : Tax Changes to Promote the Financial Sector
Annex B : Tax Changes to Grow Dynamic Maritime and Logistics Industries
Annex C : Review of Record-Keeping Periods
Annex D : Review of Industrial Building Allowances
Annex E : Budget for FY2005 and FY2006
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