August 24, 2026
Singapore has announced a new financial support package that will provide each eligible Singaporean child with nearly S$70,000 (about N94 million) in government benefits from birth to age 17.
Prime Minister Lawrence Wong announced the S$62,000 SG Child Support Package during his National Day Rally speech on August 23.
The package includes a S$10,000 cash Baby Gift, S$32,000 in Child Credits, a S$5,000 Child Development Account (CDA) grant, up to S$5,000 in government CDA co-matching and a S$10,000 top-up to the child’s Post-Secondary Education Account.
He said: “The work is still ongoing. We are aiming for more than incremental improvements or changes to individual schemes. We want to make a fundamental shift in how we support families.”
