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Singapore Budget 2007
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Budget Speech 2007
(Click to print in pdf or word format.)

 
  (1) ECONOMIC PERFORMANCE AND OUTLOOK  
     
      Economic Performance and Fiscal Position in 2006
     
    Global Backdrop
     
    Outlook for 2007
 
     
  (2) SECURING OUR FUTURE  
     
    Globalisation is Working to Singapore’s Advantage
 
       -

The World is Coming to Singapore

    -

Singaporeans are Going Out to the World

 
     
      The Challenge of the Widening Income Gap
 
     
      Singapore's Response - Growth with Opportunity for All
 
     
  (3) BUILDING CAPABILITIES FOR THE FUTURE  
     
      Investing in our People
 
       -

A First-rate Education

    -

Post-Secondary Education Accounts

    -

Supporting Lifelong Learning

 
     
      Investing in R&D
 
     
      Making Singapore the Best Place to Start, Grow and Globalise Businesses
 
     
      Growing “High-Trust” Services
 
       -

Legal Services

 
       -

Financial Services

 
       -

Growing Singapore as a Philanthropy Hub

 
       -

Logistics, Maritime and Aviation Services

 
     
      Enhancing our Economic Infrastructure
 
       -

IT Connectivity

    -

Enhancing our Energy Hub

 
     
      Creating a Living Environment of the Future
 
     
  (4) STRENGTHENING OUR SOCIAL SECURITY SYSTEM  
     
      Raising the Employer CPF Contribution Rate
 
     
      Restructuring the CPF and Introducing Workfare for Low-Wage Workers
 
       -

Increasing Take-Home Pay

 
       -

Improving Employability

 
       -

Supplementing Wages and Savings

 
       -

Helping Self-Employed Persons

    -

Helping Informal Workers

    -

WIS Scheme Rewards Work

 
     
      Preparing for Future Healthcare Needs
 
     
  (5) REVENUE STRUCTURE FOR THE FUTURE  
     
      Reducing Direct Taxes
 
       -

Restructuring the Corporate Income Tax System

    -

Making Singapore the Best Location to Start and
Grow Companies

    -

Keeping our Personal Income Tax Regime Competitive

 
     
      Rationalising Indirect Taxes
 
       -

Abolishing Cess

    -

Reducing Road Tax

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Reducing the Foreign Domestic Worker Levy

    -

Reducing Foreign Worker Levy

    -

Extending Tax Relief for Cash Top-ups to
CPF Accounts by Siblings

    -

Extending Stamp Duty Relief

    -

Rationalising Liquor Duties

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Reviewing Asset Taxes

 
     
      Raising New Revenues
 
       -

Drawing More Income from the Reserves

    -

Raising the Goods and Services Tax Rate

 
     
  (6) GST OFFSET PACKAGE  
     
      Helping Singaporeans Cope with the GST Increase
 
       -

GST Credits

    -

Senior Citizens’ Bonus

    -

Top-ups to Post-Secondary Education Accounts

    -

Utilities-Save (U-Save), Service and Conservancy Charges (S&CC), and Rental Rebates

    -

Property Tax Rebate

    -

Assistance for Low-Income Families with Young Children

    -

Assistance for Pensioners

    -

Public Transport Fund

    -

Assistance through Citizens’ Consultative Committees (CCCs), Self-help Groups and VWOs

    -

Additional Subsidies for Healthcare, Education and Service and Conservancy Charges

 
     
      Overall Impact of the GST Offset Package on Households
 
     
  (7) CONCLUSION  
 
     
      FY2007 Budget Position
     
    Ready for the Future
 
     
  ANNEXES  
       
      ANNEX A: Budget 2007 Tax Changes
       
    ANNEX B: CPF Restructuring for Low-wage Workers and Workfare
       
    ANNEX C: SME Rebate Scheme
       
    ANNEX D: New Customs and Excise Duties for Beer and Stout
       
    ANNEX E: Impact of GST Offset Package on Households
       
    ANNEX F: Budget for FY2006 and FY2007
 
     


 
   
     
 
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