Summary Of Budget Report 2006

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Cash for all adult Singaporeans
» $800 if you earn $24,000 or less a year and live in a four-room or smaller HDB flat
» $600 if you earn more than $24,000 and live in a four-room or smaller HDB flat; or if you earn $24,000 or less and live in a five-room or larger HDB flat
» $400 if you earn more than $24,000 and live in a five-room or larger HDB flat
» $200 if you live in a landed home or if the annual value of your home is more than $10,000
Total: $1.4 billion, When: May 1, 2006

Workfare bonus for low-income workers aged 40 or older
» 3 months’ pay if you earn $400 or less a month
» $1,200 if you earn $401 to $900 monthly
» $800 if you earn $901 to $1,200 monthly
» $400 if you earn $1,201 to $1,500 monthly
Total: $400 million, When: May 1, 2006 and May 1, 2007

CPF top-ups for the elderly
If you are 50 to 59 years old:
» $600 if you live in a four-room or smaller HDB flat
» $400 if you live in a five-room or larger HDB flat
» $100 if you live in a landed property or large private property
If you are 60 or older:
» $800 if you live in a four-room or smaller HDB flat
» $600 if you live in a five-room or larger HDB flat
» $200 if you live in a landed property or large private property
Total: $500 million, When: May 1, 2006

Bonus for NSmen
» $400 if you are a former NSman
» $100 if you are a full-time or active NSman
» $300 when your NS training cycle ends
Total: $200 million, When: May 1, 2006 and when your training cycle ends

Rebates for HDB residents
» $200 utilities, four months service and conservancy (S&C) rebates, and three months rental waiver if you live in a one-room HDB flat
» $200 utilities, three months S&C rebates, and 1 1/2 months rental waiver if you live in a two-room HDB flat
» $100 utilities and two months S&C rebates if you live in a three-room HDB flat
» $80 utilities and 1 1/2 months S&C rebates if you live in a four-room HDB flat
» $60 utilities and 1/2 month S&C rebates if you live in a five-room HDB flat
Total: $60 million

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