Past Budget Measures

As we look forward to Budget 2018, check out some of the past Budget measures that create a positive and significant impact to businesses and the lives of Singaporeans every day.

Economic Schemes

Scheme Short Description Year of Implementation Cost of Initiatives Scheme Beneficiaries Remarks

Schemes to support Continuing Education and Training (CET), including SkillsFuture -(MOE/ MOM/ MTI/ SkillsFuture SG)

To provide Singaporeans with the opportunities to develop to their fullest potential throughout life, regardless of their starting points.


Increased spending on continuing education and training from $600 million per year (2010-2015) to over $1 billion per year (2015-2020)

All Singaporeans who want to improve themselves through learning and education

CET measures launched include: SkillsFuture Credit, SkillsFuture Earn and Learn, SkillsFuture Fellowships, SkillsFuture Leadership Development Initiative, SkillsFuture Mentors

Capability Development Grant (CDG) - (SPRING)

This programme is designed to help SMEs build their capabilities across 10 key business areas, such as product development, business processes enhancements for productivity and business model expansion. The grant defrays up to 70% of qualifying project costs such as consultancy, training, certification and equipment costs.

To make the CDG more accessible to companies, the application requirements for projects below $30,000 has been simplified.

Enhanced support level of 70% was extended in Budget 2015 for another 3 years

$600 million (FY15-17)


Between 1 Jul 2016 to 30 Jun 2019, companies supported under CDG may apply for the CDG-WorkPro Job Redesign Rider to receive funding support for projects enhancing the employability and work environment of older workers.

Market Readiness Assistance (MRA) and Global Company Partnership (GCP) grants - (IE Singapore)

Provide up to 70% funding support for companies looking to internationalise, in areas such as identification of overseas business partners, overseas market promotion, building internal capabilities, manpower development and gaining market access.

Enhanced in Budget 2015 to raise support level from 50% to 70% for 3 years

$400 million (announced in 2017)

All companies


National Trade Platform (NTP) - (Customs/SPRING/ GovTech/IMDA)

The NTP is a one-stop trade information management system that will enable electronic data sharing among businesses and government, and serve as an open innovation platform for service providers to develop value-added services and apps.


Expected to cost more than $100 million

Supports firms, particularly in the logistics and trade finance sectors

It has the potential to bring over $600 million worth of man-hour savings each year to firms.

SMEs Go Digital Programme (IMDA)

To help SMEs build digital capabilities by:

a) Providing SMEs with step-by-step advice on the technologies to use at each stage of their growth through the sectoral Industry Digital Plans.

b) Providing SMEs with in-person help at SME Centres and the new Digital Tech Hub; and

c) Providing advice and funding support to SMEs that are ready to pilot emerging ICT solutions.


$80 million (announced in 2017)


Industry Digital Plans for the Retail and Logistics sectors have been launched. The IDPs work as a guide for local SME companies to digitalise their businesses, plug skills gaps and participate in national innovation initiatives.

The SME Digital Tech Hub, established by IMDA and operated by ASME, provides specialist digital technology advisory to SMEs with more advanced digital needs, such as data analytics and cybersecurity.

Social Schemes

Scheme Short Description Year of Implementation Cost of Initiatives Scheme Beneficiaries Remarks


Initiative that draws together government and community resources to help vulnerable children up to age 6 receive age-appropriate learning and developmental support, through three components: Regular home visits, playgroup sessions and enhanced pre-school support

Pilot introduced in 2016

The 3-year pilot is estimated to cost more than $20 million

About 1,000 children are expected to benefit

Research shows that experiences in the early years of a child’s life significantly influence his or her physical, cognitive, and social development.

Programme components include regular home visits, community-based playgroup sessions, as well as enhanced support in selected pre-schools. Pilot sites include Kreta Ayer, Bukit Merah, Taman Jurong, Boon Lay, and Geylang Serai.

CPF Housing Grant for resale flats - (HDB)

A grant to help make HDB resale flats even more affordable for first-timer homebuyers.

Together with the Additional CPF Housing Grant and Proximity Housing Grant, eligible first-timer families buying a resale flat can now enjoy up to $110,000 in housing grants.

Enhanced in 2017


First-timer applicants who choose to purchase HDB resale flats

In 2017, the Government enhanced the CPF Housing Grant for HDB resale flats from $30,000 to $50,000 (for households who purchase 4-room or smaller resale flats) and $40,000 (for households who purchase 5-room or bigger resale flats).

Special CPF Housing Grant (SHG) - (HDB)

A grant to help low-income families make a first-time purchase of a Build-to-Order flat, on top of the existing Additional CPF Housing Grant

SHG was introduced in 2011 to provide additional help to low-income citizen families, with a monthly income ceiling of $2,250, and a maximum grant quantum of $20,000. It was also initially restricted to 3R and smaller flats in non-mature estates (NMEs)

Introduced in 2011


Low- to middle-income families

There were two significant enhancements since introduction in 2011:

1. In 2013, the Government increased the income ceiling to $6,500 and extended it to households buying 4R and smaller new flats in NMEs

2. In 2015, the Government increased the income ceiling to $8,500 and doubled the maximum grant quantum to $40,000

GST Voucher (GSTV) Scheme – (MOF)

The permanent GSTV scheme was introduced by the Government in Budget 2012 to help lower-income Singaporeans. The GSTV is given in three components – Cash, Medisave and U-Save.

Introduced in 2012

~$6 billion set aside in GST Voucher Fund for FY12 to FY20; $1.5 billion top-up in FY17

~1.57 million Singaporeans and ~880,000 HDB households

In 2017,

  • 1.37 million citizens received up to $500 cash comprising the regular GSTV – Cash and the one-off GSTV – Cash Special Payment to help lower-income households with expenses.
  • 450,000 citizens aged 65 and above received up to $450 in GSTV – Medisave
  • 880,000 HDB households receive up to $380 U-Save rebates. The quantum of GST Voucher – U-Save rebates was also increased by between $40 and $120, depending on flat type.

Special Employment Credit (SEC) - (MOM)

SEC encourages employers to hire Singaporeans aged 55 and above, and earning up to $4,000 a month by offering wage offsets of up to 8% of the employee’s monthly wages.

With the increase of the re-employment age to 67 from 1 Jul 2017, the Additional Special Employment Credit is extended to provide additional wage offsets to employers hiring older Singaporean workers above the re-employment age earning up to $4,000 a month. This will support (i) workers older than the re-employment age, and (ii) those who are 65 or older as of 1 Jul 2017 and hence not covered by the increase in re-employment age to 67.

Introduced in 2011 and extended to end of 2019

$1.1 billion over the next 3 years (2017-2019)

The extended SEC will cover about 340,000 workers, or about three in four older Singaporean workers

The Government has introduced several measures to support the continued employment of older workers. Other measures include re-employment legislation, higher CPF contributions for older workers, Workfare Training Support and initiatives under the Tripartite Alliance for Fair Employment Practices.

Silver Support Scheme - (MOM/CPF)

The Silver Support Scheme provides quarterly cash supplement to the bottom 20% of Singaporeans aged 65 and above. These are individuals who had low incomes through life and who currently have little or no family support.

Introduced in 2016

$320 million in the first year

Will benefit more than 140,000 seniors

Three sets of criteria used in combination to determine eligibility: lifetime wages, housing type, level of household support.

Workfare Income Supplement (WIS) - (MOM/CPF/ Workforce SG)

Supplements incomes and retirement savings of the bottom 20% of workers, with some support also provided to those up to the 30th income percentile

Introduced in 2007; regular subsequent enhancements, with the last enhancement in 2017

$770 million in 2017

460,000 Singaporean workers

Qualifying income ceiling increased from $1,900/month to $2,000/ month from 1 Jan 2017

Higher WIS payouts of up to $3,600 per year.

Community Network for Seniors - (MOH)

The networks will comprise local stakeholders, such as Voluntary Welfare Organisations (VWOs), community volunteers, schools and businesses. At the core is a small team of full-time officers who will study the health and social needs of seniors and draw together stakeholders to provide coordinated support.

Pilot started in 2016


Pilot launched at three precincts across the island which helped almost 800 seniors

Integrates resources and efforts of government agencies, VWOs and local volunteers

Ambassadors under the Pioneer Generation Ambassadors Programme will guide seniors in health screening exercises, join group exercises and provide more information on active ageing and befriending services.

Government is reviewing our processes to achieve better integration of health and social services for seniors. Programme will be extended to other constituencies.

Community Mental Health Masterplan - (MOH)

The Community Mental Health (CMH) Masterplan is a 5-year masterplan to strengthen our community mental health services and better support persons with mental health conditions in the community. Key aspects of the masterplan include improving early identification of mental health symptoms, expanding mental health services in polyclinics, and strengthening integrated health and social care services in the community.

First 5-year CMH Masterplan was launched in 2012, with the second launched in 2017

The second CMH Masterplan will cost an additional $160 million from FY17 to FY21

Persons with mental health conditions

Initiatives include establishing more Dementia-Friendly Communities, providing mental health and dementia services within polyclinics, and expanding the number of community outreach teams and allied health community intervention teams

Enabling Masterplan 3 - (MSF)

5-year national plan to support persons with disabilities and their caregivers, providing help in areas such as early intervention and education, employment, care services, assistive technologies and accessibility.

2017 – 2021

$400 million per year on initiatives for persons with disabilities and their caregivers

Persons with disabilities and their caregivers

Initiatives include the School-to-Work Transition Programme, setting up a new Disability Caregiver Support Centre, and enhancements to the Taxi Subsidy Scheme.

Last updated on 02 Feb 2018