Singapore to give every child nearly $70,000 in government support
Singapore announces a new child support package, providing every child with almost $70,000 in direct financial support from birth to age 17. Learn about th Read More: https://punchng.com/singapore-to-give-every-child-nearly-70000-in-government-support/
The Singapore government has unveiled a new $62,000 Child Support Package that will provide every child with nearly $70,000 in direct financial support from birth to age 17. The package, announced by Prime Minister Lawrence Wong during his National Day Rally speech, includes a $10,000 Baby Gift, $32,000 in Child Credits, a $5,000 Child Development Account First Step Grant, up to $5,000 in government CDA co-matching contributions, and a $10,000 top-up to the child’s Post-Secondary Education Account.
The new system aims to provide a fundamental shift in family support, simplifying the existing complex structure and ensuring equal support for all children regardless of birth order. The package is expected to benefit over 610,000 children across approximately 380,000 households.
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