Singapore Government
Singapore Budget 2006
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Budget Speech 2006
   

40th Anniversary NS Bonus

 

4.25 The Fourth RECORD committee chaired by Minister Ng Eng Hen has recommended that we give more to NSmen in this year’s surplus-sharing exercise. The 40th Anniversary of National Service is approaching. One and a half generations of male Singaporeans have served NS. 400,000 have completed their full time and Operationally Ready National Service (ORNS) training cycle, and handed on their duties to the current batches of NSmen. To show our gratitude to these ex-NSmen and NSmen who have completed their ORNS training cycle, we will give them a 40th Anniversary NS Bonus of $400.

4.26 National servicemen who are still serving, either in the full time or ORNS units, and have not yet completed their ORNS training cycle, will receive a 40th Anniversary NS Bonus of $100.

4.27 The 40th Anniversary NS Bonus will be paid on 1 May 2006. It will cost the Government $200 million.

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    ANNEXES
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      Annex A : Tax Changes to Promote the Financial Sector
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      Annex B : Tax Changes to Grow Dynamic Maritime and Logistics Industries
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      Annex C : Review of Record-Keeping Periods
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      Annex D : Review of Industrial Building Allowances
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      Annex E : Budget for FY2005 and FY2006
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