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Singapore government is set to pay each family over N3m to have more babies

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The government of Singapore has announced that it will be giving a one-time additional payment to people aspiring to be parents during the COVID-19 pandemic.

While appearing before parliament on Monday, October 5, Singapore Prime Minister Heng Swee Keat said the payment will go a long way in increasing the Southeast Asia country’s population and birthrate that has for years been an all-time low.


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According to Heng, the COVID-19 pandemic had threatened to exuberate the situation since most people aspiring to be parents had suspended the plans owing to dwindling income and job insecurity occasioned by the scourge.

 

The prime minister told lawmakers:

“We have received feedback that COVID-19 has caused some aspiring parents to postpone their parenthood plans. This is fully understandable, especially when they face uncertainty with their income.

Hence, to help with expenses during this period, we will introduce a one-off additional support for newborns.”

The new kitty will be on top of KSh 1,000,000 (N3,555,476.71) new parents are already enjoying as child support.

Heng, however, did not indicate how much will be wired to new parents under the new arrangement.

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The @unitednations is marking its 75th anniversary in an extraordinary year. Every country is doing its best to contain the spread of the virus and the economic fallout. But no place can truly be safe, until every place is safe. This is why strong international cooperation is critical to accelerate the development of vaccines, maximise production capacity, and ensure the affordable, fair and equitable access to vaccines for all. New and innovative forms of multilateral cooperation have been created in response to the pandemic, including the Access to COVID-19 Tools (ACT) Accelerator and the COVID-19 Global Vaccines Access (COVAX) Facility. Singapore is an early support of these initiatives, and also co-chairs the Friends of the COVAX Facility with Switzerland. Our collective effort will enable us to overcome this crisis. By working together and strengthening the foundations of international cooperation, we can better deal with future crises and achieve the Sustainable Development Goals, so as to build a better future for our people. You can watch my recorded statement at the High-Level Event on the COVID-19 response at the UN General Assembly on my Facebook Page. (MCI Photo by Zinkie Aw)

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He also said:

“This will be on top of the Baby Bonus Cash Gift, which provides eligible parents up to $10,000 in benefits. Minister Indranee will share more details on the additional support soon.


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Currently, Singapore has a population of about 5.85 million people and a birthrate of 1.14 per woman.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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