Shaping Our Future, Together
SHAPING OUR F Finance and Economy
Int fac
In 2020, the Government announced four budgets totalling $192.5 billion, of which $93 billion is to help Singaporeans cope with the Covid-19 pandemic. This budget will steer Singapore through challenges and chart our future
Co
Fighting Covid-19
• $93 billion from Unity, Resilience, Solidarity and Fortitude Budget to protect livelihoods, stabilise businesses, support households and strengthen resilience • Stabilise businesses against immediate effects of Covid-19 by helping them with cash flow, costs and credit • Law to help pandemic-hit small and medium-sized enterprises (SMEs) cope with rent • Provide extra help to sectors hardest-hit by Covid-19:
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- Aviation sector: $350 million - Tourism sector: $90 million - Arts and culture sector: $55 million • Freeze on government fees and charges for one year Building a dynamic and resilient economy
• Accelerating digital transformation of all industry sectors • Helping firms to innovate and adapt with
$8.3 billion Transformation and Growth Packages over next 3 years Extra support to SMEs through the SMEs Go Digital, SkillsFuture Enterprise Credit and other grants Promoting new growth sectors such as innovation and technology, biomedical, ICT, professional and digital services, cybersecurity, food manufacturing, medical care and education Establishing green lane arrangements for safe travel with other countries Pursuing international co-operation, expanding our trade networks and seeking out new markets Participating actively in the global digital economy Diversifying our sources of food and essential supplies and building resilient supply chains
Transforming industries
Developing industry transformation roadmaps for 23 industries to drive growth under $4.5 billion Industry Transformation Programme Strong international cooperation
Extensive network of over 23 Free Trade Agreements (FTA) with major trading partners like China, Japan, EU, US and other economies;
Dig
In Dig Ne
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FUTURE, TOGET International Investment Agreements to facilitate investment flows Digital connections
Connecting digitally with the world
In January 2020, Singapore signed its first Digital Economy Agreement with Chile and New Zealand to foster more trade
Building resilience and deepening capabilities
include more digital solutions for business continuity and support under Enterprise Development Grant and Productivity Solutions Grant
Digitalisation of financial industry
• Singapore will issue up to five digital bank licences in 2020 • Between 2015 and 2019, annual investments in FinTech rose six-fold to over $1 billion
Enhanced SMEs Go Digital programme to
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Education $64 billion invested from 2015 to 2019 to support lifelong learning for Singaporeans, providing more pathways and opportunities at every stage of their lives
Lower fees for two universities
Annual school fees for full-time general degrees at Singapore Institute of Technology and Singapore University of Social Sciences reduced from $8,000 to $7,500 One secondary education, many pathways
Subject-based banding to replace streaming
• Students take subjects at a higher or lower level based on their strengths • Full subject-based banding to be applied to all secondary schools by 2024
New Primary School Leaving Examination (PSLE) scoring system
Students will be graded based on their individual performance in subjects, regardless of how their peers have done in PSLE from 2021 Ensuring every child has good start in life
Access to quality pre-schools
• Government-supported pre-school places increase to 80 per cent by 2025, up from 50 per cent • 60 Ministry of Education Kindergartens by 2025
Pre-school made more affordable
• Higher monthly household income ceiling of $12,000 for additional childcare subsidy • Benefits 30,000 more families
Edusave awards enhanced
Higher amount for primary and secondary levels, awards extended to polytechnic students; more students eligible for Edusave (Independent Schools) Yearly Award and Edusave Merit Bursary
Assisting lower-income students
More bursaries to cover 95 per cent of polytechnic fees; 75 per cent of general degree fees; as well as medicine course fees
Scrapping of mid-year examinations for transition years
Mid-year examinations for Primary 3 and 5 and Secondary 1 and 3 students will be scrapped by 2021, to move away from the narrow focus on grades and help students discover the joy of learning
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drive growth under $4.5 sformation Programme
s cooperation es; f over 23 Free Trade
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ith major trading partners U, US and other economies;
All-round curriculum to prepare students for Supporting Singaporeans in their lifelong the future learning journey o universities All-round curriculum to prepare students for Supporting Singaporeans in their lifelong
Launched Digital • $500 SkillsFuture Credit top-up for or full-time general Nationalthe future Literacy learning journey Launched National Digital Literacy Singaporeans • $500aged SkillsFuture e Institute of Technology 25 andCredit abovetop-up for Programme Singaporeans agedCredit 25 andtop-up above for ersity of Social Sciences Strengthen students’Programme digital literacy so that • Another $500 SkillsFuture Strengthen students’ digital literacy so that • Another $500 SkillsFuture Credit top-up for 0 to $7,500 they can thrive in a digital society and take on Singaporeans aged 40 to 60 they can thrive in a digital society and take on Singaporeans aged 40 to 60 jobs of the future jobs of the future ation, many pathways Greater inclusivity for students with special Greater inclusivity for students with special New Character andNew Citizenship Education needs Character and Citizenship Education needs
nding to replace
Mit
•
ubjects at(CCE) a higher or lower Children with special needs included (CCE) curriculum er • Children •with special needs included in the in the curriculum New CCE curriculum to be launched in 2021 eir strengths Compulsory Education framework since 2019 • New CCE curriculum to be launched in 2021 Compulsory Education framework since 2019 will be more current, comprehensive and ed banding to be applied to • Government funding increased by about 40 will be more current,experimental comprehensive and o • Governmentperfunding increased by about 40 with more focus on cyber hools by 2024 cent over the last five years experimental with more focus cyber per cent over the last five years • wellness andon mental health education wellness and mental health education ol Leaving Examination Prepare students to engage with Asia ntem
Enhance the humanities ded basedPrepare on their individual students to engage with Asiacurriculum to enable students to have a deeper understanding of ects, regardless of how Enhance the humanities curriculum to enable ual Asia, including ASEAN e in PSLE from 2021
•
ons for Primary 3 and 5 and tudents will be scrapped by from the narrow focus on d discover the joy of dents
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students to have a deeper understanding of Asia, including ear examinations for ASEAN
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Opportunities for All In the face of Covid-19, the Government will spare no effort to keep Singaporean workers employed and ready for new opportunities Protecting workers from impact of Covid-19
• $23.5 billion Jobs Support Scheme to help keep jobs through wage subsidies • $1.2 billion Self Employed Person Income Relief Scheme to provide income relief to self-employed persons and freelancers • Temporary Relief Scheme (TRS) and the Covid-19 Support Grant (CSG) to provide financial assistance to retrenched workers or those suffering significant income loss • $2 billion SGUnited Jobs and Skills Package to create 100,000 new job opportunities including: 40,000 jobs +
25,000 traineeships + 30,000 skills training opportunities • Set up the National Jobs Council to oversee job creation • The Digital Industry Singapore office will create up to 10,000 tech-related jobs over the next 3 years
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Helping lower wage workers
• 78,000 workers in cleaning, security and landscaping have acquired new skills, improved productivity and thus gained more wages under the Progressive Wage Model
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• Extending the Progressive Wage Model to even more industries • Providing enhanced Workfare support Helping Singaporeans to reskill and upskill
• Setting up satellite career centres in all HDB towns • Scaling up programmes for career conversion and for skills upgrading and mastery with the Next Bound of SkillsFuture • Strengthening safeguards for jobseekers under the Fair Consideration Framework • Providing financial incentives for employers to hire or redeploy their local workers Boosting employment of Singaporeans aged 40 & above
• Providing extra SkillsFuture credits and heavily subsidised reskilling programmes • Launching mid-career pathway programmes to start new careers • Providing special incentives for employers to hire these workers
Encourage hiring of older workers
• Providing wage offsets for companies that hire Singaporeans aged 55 and above under the Senior Employment Credit • Providing grants for companies that provide part-time re-employment to seniors • Providing support for firms and industries to redesign jobs • Senior Worker Early Adopter Grant provides funding support to employers who raise both their retirement and re-employment ages above minimum statutory requirements Helping young workers
Skills conversion to growth sectors
Professional Conversion Programmes help mid-career PMETs undergo skills conversion and switch to new jobs or industries with good prospects
$1,000
$1,200
$1,500
$1,800
• 21,000 traineeships for first-time jobseekers • Free continuing education and training (CET) modules for graduating cohorts for skills and career support • Global Ready Talent programme and overseas internships to prepare young Singaporeans for regional opportunities Helping workers with disabilities
Encourage employers to hire persons with disabilities, including through the Enabling Employment Credit
or
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Sustainable Environment Covid-19 has highlighted the importance of building a sustainable Singapore by strengthening food security, preparing for climate change and greening Singapore Mitigating climate change
• $5 billion Coastal and Flood Protection Fund to protect against rising sea levels • Reduce greenhouse gas emissions by 36 per cent from 2005 levels by 2030 • Adopt clean energy and increase energy efficiency by generating more solar energy from solar panels and converting food waste to energy at Tuas Nexus • Tap solar energy to power the annual needs of about 350,000 households by 2030 or 4 per cent of Singapore’s current total electricity demand Clean energy transportation
Expand charging infrastructure for electric vehicles and more early adoption incentive to encourage take-up Enhancing food security
• Combination of local production, stockpiling, diversification of imports sources (170 countries and regions)
• Increase buffer stocks of essential food commodities • Develop local production capabilities for essential supplies wherever possible • "30 by 30" vision to grow enough food in Singapore to meet 30 per cent of nutritional needs by 2030, up from under 10 per cent
Gre
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Encouraging energy-efficient home appliances
$24.8 Million Climate-Friendly Household Package
• 1-room to 3-room HDB households to receive $150 vouchers for energy-efficient and climate-friendly refrigerators • $50 vouchers for switching to water-efficient shower fittings • $25 vouchers for switching to LED lights to include 3-room households
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Green Singapore, clean energy
• Developing new eco towns in Tampines, Nee Soon and Choa Chu Kang with features to reduce energy consumption, recycle rainwater and help cool HDB towns • All HDB towns to be eco-friendly by 2030 Moving towards a zero-waste nation
• Reduce waste sent to Semakau Landfill by 30 per cent by 2030 • Passed Resource Sustainability Act to reduce packaging waste, e-waste, and food waste
ns
Helping Singaporeans own homes
Shorter waiting time
Housing
2 - 3 years (down from 3 - 4 years)
Waiting time for general projects The Government has invested $82.4 billion over the last 5 years to
provide affordable and quality homes to suit the needs of Singaporeans Helping Singaporeans own homes
Shorter waiting time
2 - 3 years
Keeping HDB flats affordable • Raised monthly household income ceiling Home Improvement Programme (HIP II) Eligible families: $12,000 to $14,000
Waiting time for general projects
for BTO projects
for bonus BTO projects The cash for seniors who right-size to Balloting time a 3-room or smaller flat has increased from for BTO flats $20,000 to $30,000
Renewing and upgrading our housing estates
(down from 3 - 4 years)
2.5 years
weeks years Silver2.5 Housing Bonus (SHB)3(down enhanced from 6 weeks)
3 weeks (down from 6 weeks)
Balloting time for BTO flats
Keeping HDB flats affordable
• Raised monthly household income ceiling Eligible families: $12,000 to $14,000 Eligible singles: $6,000 to $7,000 • Enhanced CPF Housing Grant Up to $80,000 for eligible families Up to $40,000 for eligible singles
• Flats built between 1987 and 1997 will be Eligible singles: $6,000 to $7,000 upgraded • Enhanced CPF Housing Grant • 55,000 flats have started upgrading works Up to $80,000 for eligible families • 175,000 flats to be upgraded over next 10 Up to $40,000 for eligible singles years
Help elderly tap housing assets for retirement Selective En bloc Scheme Redevelopment Scheme Lease Buyback (LBS) enhanced (SERS) LBS enhanced to include all flat types and
77 sites completed more cash bonus
FUTURE, TOGET Help elderly tap housing assets for retirement
Lease Buyback Scheme (LBS) enhanced LBS enhanced to include all flat types and more cash bonus
Innovative concepts for new HDB towns
Kampung Admiralty and Bukit Batok
• Kampung Admiralty brought together senior public housing, healthcare, wellness and Managing living expenses eldercare facilities handouts • Cash A new type of assisted-living HDB flat for • seniors Solidarity of $600 in April 2020 will payment be rolled out in Bukit Batok withfor all Singaporeans aged 21 and andan above; those 24/7 emergency response on-site who qualify will receive a further $300 or manager
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NG OUR FUTURE, TO Innovative concepts for new HDB towns
Kampung Admiralty and Bukit Batok
• Kampung Admiralty brought together senior public housing, healthcare, wellness and eldercare facilities • billion A new over type of assisted-living HDB flat for sted $82.4 the last 5 years to ality homes seniors to suit the needs ofout Singaporeans will be rolled in Bukit Batok with 24/7 emergency response and an on-site Silver Housing Bonus (SHB) enhanced Themanager cash bonus for seniors who right-size to
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a 3-room or smaller flat has increased from
• Kampung Admiralty bro public housing, healthca eldercare facilities • A new type of assisted-l seniors will be rolled out 24/7 emergency respon manager
Renewing and upgrading our housing estates
New Tengah HDB town a District
Credit:Housing & Development Board
$20,000 to $30,000 New Tengah HDB town and Punggol Digital District
• Home Tengah Town: Singapore' s first car-free Improvement Programme (HIP II) centre and1987 a 5km "forest • town Flats built between and 1997 will becorridor" with upgraded hiking trails • 55,000 flats have started upgrading works • Punggol Digital District: Vibrant digital town • 175,000 flats to be upgraded over next 10 inyears 2023, creating 28,000 technology jobs for the new economy Selective En bloc Redevelopment Scheme (SERS) 77 sites completed
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• Tengah Town: Singapor town centre and a 5km hiking trails • Punggol Digital District: in 2023, creating 28,000 theCredit:JTC new Corporation economy
Transport
Cost of Living
The Government has invested $53 billion from 2015 to 2019 to build the best public transport $4.6 billion enhanced Care and Support package $1.1 billionand system thatand is accessible Solidarity Payment to help households cope with expenses when the affordable for Singaporeans. economy was partially shut down due to Covid-19 pandemic Singapore is also strengthening its position as an aviation and maritime hub Credit:Housing & Development Board
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$4.6 billion enhanced Care and Support package and $1.1 billion Solidarity to help households cope with expenses $4.6 billionPayment enhanced Care and Support package andwhen $1.1 the billion economy was partially shut down due to Covid-19 pandemic Solidarity Payment to help households cope with expenses when th
Cost of Living
economy was partially shut down due to Covid-19 pandemic
$4.6 billion enhanced Care and Support package and $1.1 billion Solidarity Payment to help households cope with expenses when the economy was partially shut down due to Covid-19 pandemic
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More help for the needy
• 4,000 households to benefit from increase in ComCare assistance s, • ComCare Long-Term Assistance Scheme increased to $600 per month, up from $500 • 2-person households will receive $1,000 More help for the per month, upneedy from $870
• 4,000 to benefit from increase Morehouseholds help for the needy 4,000 households to benefit from increase in •ComCare assistance in ComCare assistance • ComCare Long-Term Assistance Scheme • ComCare Long-Term Assistance Scheme increased to $600 perpermonth, from$500 $500 increased to $600 month,up up from • 2-person households will $1,000 • 2-person households willreceive receive $1,000 per month, up from $870 per month, up from $870
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yment of $600 in April 2020 for ans aged 21 and above; those will receive a further $300 or 2020Managing living expenses Cash handouts at least 1 Singaporean child • Solidarity payment of $600 in April 2020 for all Singaporeans aged 21 and an above; those s and below will each get who qualify will receive a further $300 or 00 in cash $600 in June 2020 Parents with at least 1 Singaporean child Card• cash top-up aged 20 years andfor below will each get an additional in cash s aged 50 and$300 above • $100 PAssion Card cash top-up for Solidarity Utilities Singaporeans agedCredit 50 and above • One-off $100 Solidarity Utilities Credit sehold with at least one for every household with at least one Singaporean
Workfare Special Payment
$3,000 for Singaporean recipients of Workfare al Payment
Income Supplement in 2019 porean recipients of Workfare GST2019 Voucher - U Save ment in
• 930,000 HDB households to benefit from additional GST Voucher to offset utility bills • 2 times regular GST Voucher-U Save rebate for eligible households
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households to benefit from T Voucher to offset utility bills ar GST Voucher-U Save rebate ouseholds
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• 2.5 times regular GST Voucher-U Save rebate for larger households with 5 or more 2.5 times regular GST Voucher-U S members
rebate for larger households with
Service and conservancy charges (S&CC) members rebate 1.5 to 3.5 months for eligible HDB households, depending on flat type
Service and conservancy charges Grocery vouchers rebate • $300 grocery vouchers for Singaporeans
Mo above living 1-room and HDB hou 1.5 toaged 3.521 and months forineligible • 2-room HDB flats in 2020 depending on flat type • Additional $100 grocery vouchers in 2021
Public Transport Vouchers (PTV)
Grocery vouchers 1 in 5 households eligible for $50 Public
• •
• Transport $300Vouchers grocery vouchers for Singap aged 21 and above living in 1-room 2-room HDB flats in 2020
Singapore is also strengthening its position as an aviation and maritime hub
Credit:Housing & Development Board
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Improve rail reliability
Overhaul North-South and East-West lines
By 2030
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Assurance The Government invested Livingfor Retirement $51 from 2015 to 2019 to forbillion Retirement
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are and Support package and $1.1 billion support seniors stay healthy, active andactive productive elp householdsAll-round cope with expenses when to thehelp our All-round support to help our seniors stay healthy, and productive shut down due to Covid-19 pandemic
Ensuring retirement adequacy
provide affordable and quality Generation Package to keep costs Generation Package to keep costs healthcare for all Singaporeans Matched Retirement Savings Scheme affordable
Matched Retirement Savings Scheme •
Seniors’ Mobility and Enabling Fund
Fighting Covid-19 Extension of Retirement devices and home healthcare items age and
from 2021 to 2025 Silver Support Scheme re-employment age • About 435,000 Singaporeans will receive 250,000 Singaporeans 65 and aboveto will support frontline t age raised Additional $800agedmillion Retiremen benefit from increased quarterly cash payouts from 62 to 65to work 63 continue Supporting seniors who want to $3,000 in matched savings over 5 years of up to $900 per quarter from 2021 agencies
Silver Support Scheme
•
•
Ensuring retirement adequacy
• The Government will match CPF Retirement affordable Seniors’ Mobility and Enabling Fund Account top-ups of Singaporeans aged 55 to The Government will match CPF Retirement $100 million to subsidise purchase of assistive 70 with less CPF savings, up to $600 annually devices and home healthcare items from 2021 to 2025 Account top-ups of Singaporeans aged 55 to • About 435,000 Singaporeans will receive purchase assistive 70 with less CPF savings, up to $600 annually Supporting seniors whoof want to continue to work $3,000 in matched $100 savings million over 5 yearsto subsidise
62 ment age Extension of Retirement age and Re-employ 67 to 70 raised from 68 Silver Housing Bonusre-employment and Lease Buyback age 67 Scheme
65 70 2030
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• • K•M • • ••5 62expanded CPF contribution Reducing healthcare costs rates gefor workers aged 70 55 to • c enhanced and loyment a 0 -em Rewill increase Subsidised healthcare for seniors M 70 bepraised6progressively from 2021 until 7 to 7 om d fr ise60 rafor • Healthcare subsidiesCard: of up to 80subsidies per cent68 those and below enjoy full CPF rate Silver Housing Bonus and Lease Buyback • •p • CHAS Green selected 2030 at public health institutions Scheme 67 and aged care services conditions from $500 Scheme Senior Worker Support Package chronic 2022 $1.3 billion package to benefit about 110,000 • Community Scheme (CHAS), • $1,000 Both schemes enhanced to provide more cash Health Assist Kee 2019 companies and 57,000 workers over 3 years Pioneer Generation Package and Merdeka ive and • want Benefit • bonus productive for eligible home owners who to up to 1.4 million Singaporeans • monetise their flats to fund their retirement regardless of income • e to keep costs Reducing healthcare costs CPF contribution rates for workers aged 55 to Both schemes enhanced to provide more cash 250,000 Singaporeans aged 65 and above will More affordable primary care 2019 raised rement age bonus for eligible home owners who want to ti e R benefit from increased quarterly Community cash payouts 5 monetise their flatsHealth to fund their retirement from 62 to 6 (CHAS) Assist 63 Scheme of up to $900 per quarter from 2021 2022
65
Subsidised health screenings Subsidised healthcare for seniors 70 will be raised progressively from 2021 until
• Healthcare subsidies of up to Singaporeans 80 per cent thoseno 60 more and below enjoy CPFhealth rate pay than $5fullfor at public health institutions and aged care Enabling Fund screening under Screen forSupport Life programme services Senior Worker Package se purchase of assistive $1.3 billion package to benefit about 110,000 • Community Health Assist Scheme (CHAS), companiesgrant and 57,000 over 3 years Pioneer Generation Package and Merdeka MediSave thcare items Enhanced forworkers newborns
$4,000 Medisave grant for newborns help
Me • •
2027
Last mile connectivity $4,000 Medisave grant for newborns help
Jurong Region Line Stage 2
$1 billion to expand cycling path Supporting seniors who want continue to work parentsover defray expenses, up from $3,000 en completed in 2040, theto$20 billion Tuas Invest 2028 Jurong Region Line Stage 3 network of Retirement agefully-automated and t willExtension be the world’ s largest, re-employment ageIsland Line Phase 1 Keeping basic healthcare affordable 2029 Cross Bringing healthcare closer to homes minal • Means-tested subsidies cover 80% of cost of 65 e raised
Healthcare 63
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ag Retirement 5 6 to from 62
70 ment age Re-employm 67 to 70 o Government invested raised fr 68
The 2030 $51 billion from 2015 to 2019 to 67 nging healthcare closer to homes 2022 82019in 10provide households will have easy affordable andaccess quality h to an healthcare MRT station for all Singaporeans
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10 minute CPF contribution rates forwalk workers aged 55 to
Fighting Covid-19
70 will be raised progressively from 2021 until Additional $800 million to support frontline those 60 and below enjoy full CPF rate agencies
Senior Worker Support Package By 2030
New hospitals to 12 byabout 2030)110,000 $1.3 billion package (10 to benefit Community Health Assist Scheme (CHAS) companies and 57,000 workers over 3 years More affordable primary care
and expanded Cenhanced • CHAS Green Card: subsidies for selected
10
treatment at public hospitals H Life H H • MediShield | | | • MediSave 800km 1,000km 1,320km by 2023 by 2026 by 2030 • MediFund
Strengthening our position as an aviation and Keeping long-term care affordable New hospitals (10 to 12 by 2030) maritime hub Life • CareShield
Changi Airport expansion • MediSave Withdrawals for Long-Term Care C By 2030s, fifth terminal can handle up to 50 • ElderFund million passengers a year
Merdeka Generation Package New polyclinics 10 minutes by public transport Tuas Port • (20 Additional subsidies fortooutpatient care to 32 by 2030) CHAS GP clinics at every
HDBbillion estateofTuas When completed 2040, theregardless $20 Enhanced Chasinsubsidies Portincome will be the world’s largest, fully-automated • More nursing homes and eldercare centres terminal • Medisave top-ups and additional MediShield • 500 private clinics grouped into 10 primary Life premium subsidies care networks islandwide to care for 100,000 patients with chronic diseases
chronic conditions Bringing healthcare closer to homes minutes ve • Benefit up to 1.4 million Singaporeans regardless of income H H New polyclinics 10 minutes by public transport
Healthcare
0 to 32 by 2030)
to CHAS GP clinics at every
Subsidised health screenings HDB estate The Government invested Singaporeans pay no more than $5 for health $51 billion from 2015 to 2019 to screening under Screen for Life programme provide affordable and quality homes and eldercare centres eMore nursing healthcare forgrant all Singaporeans Enhanced MediSave for 500 private clinics grouped intonewborns 10 primary
5
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Subsidised health screenings Merdeka Generation Package Singaporeans pay no more than $5 for health
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New hospitals (10 to 12 by 2030)
$4,000 Medisave grant for newborns help care networks islandwide to care for 100,000 rk parents defray expenses, up from $3,000 patients with chronic diseases Fighting Covid-19
Keeping $800 basicmillion healthcare affordable Additional to support frontline • Means-tested subsidies cover 80% of cost of agencies treatment at public hospitals • MediShield Life More affordable primary care • MediSave Community Health Assist Scheme (CHAS) • MediFund enhanced and expanded • CHAS Green Card: subsidies for selected Keeping chroniclong-term conditions care affordable CareShield • • Benefit up toLife 1.4 million Singaporeans • regardless MediSave of Withdrawals income for Long-Term Care • ElderFund
10
minutes
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10
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New polyclinics (20 to 32 by 2030)
10 minutes by public transport to CHAS GP clinics at every HDB estate
• More nursing homes and eldercare centres • 500 private clinics grouped into 10 primary care networks islandwide to care for 100,000 patients with chronic diseases
n r
Transport The Government has invested $53 billion from 2015 to 2019 to build the best public transport system that is accessible and affordable for Singaporeans. Singapore is also strengthening its position as an aviation and maritime hub
THER
ard
Rail renewal and expansion
8 in to a
Increase in capacity
• 140 new trains procured for five rail lines since 2015 • Canberra station added to North-South line
Improve rail reliability
Overhaul North-South and East-West lines
tion
Figh
Assurance for Retirement All-round support to help our seniors stay healthy, active and productive Ensuring retirement adequacy
Matched Retirement Savings Scheme
• The Government will match CPF Retirement Account top-ups of Singaporeans aged 55 to 70 with less CPF savings, up to $600 annually from 2021 to 2025
Generation Package to keep costs affordable
Seniors’ Mobility and Enabling Fund
$100 million to subsidise purchase of assistive devices and home healthcare items
Add age
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Sub
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$60$60 billion to expand and renew rail billion to expand and renew rail network over network overnext nextdecade decade 20202020
Thomson-East Thomson-EastCoast CoastLine Line Stage 1 and Stage 1 and22
20232023
North East North EastLine Lineextension extension
20242024
Thomson-EastCoast CoastLine Line final Thomson-East final stage & Downtown Line extension stage & Downtown Line extension
20252025
Circle Line final stage Circle Line final stage
2026
2026
2027
2027
2028
Jurong Region Line Stage 1
Jurong Region Line Stage 1 Jurong Region Line Stage 2
Jurong Region Line Stage 2 Jurong Region Line Stage 3
2028
Jurong Region Line Stage 3
2029
Cross Island Line Phase 1
2029
Cross Island Line Phase 1
Enhancement of bus services
Enhancement of bus services
$1.1billion billion Service Enhancement $1.1 BusBus Service Enhancement Programme (BSEP) Programme (BSEP)
Added 1,000 buses 5 years, improved • • Added 1,000 buses overover 5 years, improved capacity of per 70 per ofservices bus services capacity of 70 centcent of bus new services, including 22 City • • 8080 new busbus services, including 22 City Direct BusBus services Direct services • • Less crowded during peakpeak hours, waiting Less crowded during hours, waiting time cut by about 50 per cent time cut by about 50 per cent • • ByBy 2020, all public buses will be 2020, all public buses willwheelchairbe wheelchairaccessible accessible
Last mile connectivity
Last over mile$1connectivity Invest billion to expand cycling path Invest over $1 billion to expand cycling path network
network
|
|
|
800km|
1,000km|
1,320km
by 2023
800km
8 in 10 households will have easy access to an MRT station
8 in 10 households will have easy access to an MRT station 10 minute walk
10 minute walk
ne
By 2030
By 2030
Healthcare
by 2023
by 2026
1,000km
by 2030
by 2026
|
1,320km by 2030
Strengthening our position as an aviation and maritime hub
Strengthening our position as an aviation and Changi Airport expansion hubterminal can handle up to 50 Bymaritime 2030s, fifth Changi Airport aexpansion million passengers year
By 2030s, fifth terminal can handle up to 50 Tuas Portpassengers a year million
When completed in 2040, the $20 billion Tuas Port willPort be the world’s largest, fully-automated Tuas terminal When completed in 2040, the $20 billion Tuas
Port will be the world’s largest, fully-automated terminal
Bringing healthcare closer to homes
H
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