The Baby Bonus Bonanza: Can Singapore's New Scheme Revive Its Birth Rate? Singapore has launched a revamped baby bonus scheme in an effort to boost its birth rate, which has been declining for years.
The new SG Child Support Package brings together various benefits under one umbrella, providing families with support for childcare leave, financial assistance, affordable housing, and more.
The numbers are stark: births in Singapore have fallen below 30,000 for the first time since independence, while the fertility rate has plummeted to a record low of 0. 87 per woman.