Singaporean Prime Minister Lawrence Wong announced significant financial aid for families with three or more children during Budget 2025. This includes one-off Child LifeSG Credits, increased Edusave Account contributions, reduced childcare fees, and expanded support for the Large Families Scheme.
A mother of three, Desiree Leung is concerned about the costs of raising her three children."Having children isn't just about bringing them into the world; it's a lifelong responsibility, or at least until they reach adulthood," said Desiree Leung, a mother of three.
However, her eldest child's Child Development Account is depleting, so she hopes the government can provide additional bonuses - not just for her eldest, but also for her other children. Children over 12 years of age will also receive benefits from Budget 2025. Come July, each Singaporean child aged 13 to 16 will get a $500 credited to their Edusave Account, and those aged 17 to 20 will get $500 injected into their Post-Secondary Education Account.Moreover, there will also be further reductions in monthly full-day childcare fee caps for government-supported preschools.
Additionally, the Large Families Scheme, aimed at supporting married couples who either have or aspire to have three or more children, will also provide Leung some measure of relief. All Singaporean children currently receive a $5,000 CDA First Step Grant, and this will double to $10,000 for each third and subsequent child born on or after Feb 18.
BUDGET2025 SINGAPORE FAMILIES CHILDCARE FINANCIAL SUPPORT
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