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

According to PMO, more than 610,000 children across 380,000 households are expected to benefit from the measures. PHOTO: YEN MENG JIIN, BT

The Singapore Government has announced a new child support package that will provide every Singaporean child with almost $70,000 in direct financial support from birth to age 17, regardless of birth order.

According to the Strait Times on Sunday, Prime Minister Lawrence Wong announced the $62,000 SG Child Support Package during his National Day Rally speech on August 23.

The package includes a $10,000 Baby Gift in cash and $32,000 in Child Credits, alongside 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.

Wong said the Government wanted to move beyond making small adjustments to existing family support schemes.