Eligible Singaporean children born on or after Feb 14, 2023, will receive an increased Baby Bonus Cash Gift and more government contributions in their Child Development Accounts.
SINGAPORE Parents will receive more funds in their newborns' Child Development Account (CDA) earlier, with the increased Baby Bonus benefits being given out ahead of schedule. Minister in the Prime Minister's Office Indranee Rajah said on Friday (July 28) that parents of babies born on or after Feb 14 can expect to get the funds from August, earlier than.
The next step for many newlyweds is family planning. But with soaring inflation and the current economic difficulty, having children may not always be on top of their list. After all, the average cost of having a baby in Singapore can easily go into the range of tens of thousands, expanding a family unit without healthy reserve funds may seem.
SINGAPORE - Parents and couples who aspire to have children can expect to enjoy more financial benefits – from cash gifts to grants and reliefs – as well as more paternity leave, as the Government boosts support for families in the early years of raising children. Deputy Prime Minister Lawrence Wong on Tuesday (Feb 14) announced in his Budget speech.