Up to $200 in cash payout, CDC vouchers among new support measures for Singaporeans to cope with cost of living
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SINGAPORE — Some 2.5 million adult Singaporeans will receive an additional cash payout of up to $200 in December, and every Singaporean household will receive $200 in Community Development Council (CDC) vouchers in 2024 to help cope with the rising cost oUp to $200 in cash payout, CDC vouchers among new support measures for Singaporeans to cope with cost of living
SINGAPORE — Some 2.5 million adult Singaporeans will receive an additional cash payout of up to $200 in December, and every Singaporean household will receive $200 in Community Development Council (CDC) vouchers in 2024 to help cope with the rising cost of living. These support measures, among others, are part of a $1.1 billion Cost-of-Living Support Package to provide relief for all Singaporean households, with more support for lower- to middle-income families. They build on the measures announced at Budget 2023. The measures also include a $0.8 billion enhancement to the Assurance Package (AP) that will bring the AP to over $10 billion. Announcing the support package on Thursday (Sept 28), Deputy Prime Minister and Minister for Finance Lawrence Wong acknowledged that many Singaporeans are anxious about the overall economic outlook, price increases and the impact on their cost of living. «The Government is committed to supporting Singaporeans through these uncertain times,» said Mr Wong, adding that the Government will not be dipping into the past reserves for this package. Read more