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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/

Singapore to give every child nearly $70,000 in government support

The Singapore Government has announced a new child support package that will provide every child with nearly $70,000 in direct financial support from birth to age 17. The $62,000 SG Child Support Package, announced by Prime Minister Lawrence Wong during the National Day Rally speech on August 23, includes a $10,000 Baby Gift, $32,000 in Child Credits, a $5,000 Child Development Account First Step Grant, and a $10,000 top-up to the child's Post-Secondary Education Account.

This new package aims to provide more comprehensive and simplified financial support for children, moving beyond incremental improvements to existing schemes.

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