Community

Parents With Newborns Will Get One-Off Financial Aid So They Can Plan To Have Kids

Newborns Will Get One-Time Financial Support, To Help Aspiring Parents With Expenses

The Covid-19 pandemic and accompanying economic downturn has affected many Singaporeans, and it’s worse if you have a family to feed.

Young couples wouldn’t be blamed for refraining from having children during these uncertain times, but the Government will be making it slightly easier to take the plunge.

That’s because a one-time financial support will be available for families with newborns.

Source

One-off support to help aspiring parents

Deputy Prime Minister Heng Swee Keat revealed this during a ministerial statement in Parliament on Monday (5 Oct), reported The Straits Times.

He said it’s understandable that some aspiring parents had postponed their child-bearing plans due to income uncertainty brought about by the pandemic.

Thus, the support is a one-off measure that aims to absorb some of the expenses of aspiring parents whose plans to have children have been put on hold.

Support will come on top of Baby Bonus

Eligible new parents in Singapore already receive the Baby Bonus Cash Gift, which provides them up to $10,000 in benefits.

This helps to alleviate the costs of raising a child in the early years of their lives.

The support announced by Mr Heng on Monday (5 Oct) will be on top of the Baby Bonus, he said.

 

Source

Will support lead to more babies born?

Ms Indranee Rajah, Minister in the Prime Minister’s Office and Second Minister for Finance, will reveal more specifics on this support in due course, Mr Heng said.

While it’s challenging to raise a baby even with help from the Government, any support will be welcomed by parents.

It remains to be seen, though, whether this support will lead to more babies being born, or at least help stem a decrease in births, amid these trying times.

Have news you must share? Get in touch with us via email at hello@mustsharenews.com

Featured image from YouTube and 东旭 王 @ Unsplash.

Atalia Chua

Atalia is happily married to Min Yoongi. He just doesn't know it yet.

Recent Posts

One dead after falling into plane’s spinning turbine blades at Amsterdam airport

It is unknown whether the victim was a passenger or a crew member.

30 May 2024, 10:50 am

Ground crew gets crushed by plane’s front wheel at Russian airport

One of his legs was amputated while the other was fractured.

30 May 2024, 10:07 am

Flock of oriental pied hornbills spotted flying across Changi Creek

The hornbill population has recovered with the help of local conservation efforts.

29 May 2024, 6:13 pm

17-year-old boy gifted a Mercedes Benz & S$2,800 after scoring 6As in M’sian O-Level exams

The teen also credited his mum for his achievement.

29 May 2024, 5:49 pm