Singapore offers $55,000 in child support to boost birth rate
Singapore has committed to providing each child with government support worth S$70,000 (approximately $55,160) from birth through the teenage years, as the Asian nation strives to improve its low birth rate. Prime Minister Lawrence Wong revealed the plan on Sunday during the National Day Rally, where he discussed family support packages, technological advancement and infrastructure […] Singapore…
Singapore has announced a new "SG Child Support Package" aimed at boosting its low birth rate, offering each child up to S$70,000 (approximately $55,160) in government support from birth through the teenage years. Prime Minister Lawrence Wong revealed the plan during the National Day Rally, stating that the package will provide families with "confidence and support every step of the way" as they grow.
The package includes a S$10,000 cash gift paid in two instalments during the first year, followed by S$2,000 in annual child credits from age one to 16, and a S$5,000 grant in a Child Development Account, up to S$5,000 in matching government contributions, and a S$10,000 top-up to a post-secondary education account at age 17.
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