• Economic Performance and Fiscal Position in 2006

• Global Backdrop

• Outlook for 2007

• 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

• 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

• 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

• 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
         - 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
         - Reviewing Asset Taxes

• Raising New Revenues
         - Drawing More Income from the Reserves
         - Raising the Goods and Services Tax Rate

• 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

• FY2007 Budget Position

• Ready for the Future