‘Govt asking S’poreans to make more babies’ — Jokes abound after additional support for parents announced in SG Budget 2023

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SINGAPORE — Within the rollout of the Nationwide Finances for 2023, Deputy Prime Minister and Finance Minister Lawrence Wong mentioned he hopes that Singaporeans perceive “that it isn’t fiscally sustainable to rely so closely on authorities assist 12 months after 12 months to deal with inflation” whilst he introduced a slew of measures which can be aimed to assist Singaporeans with younger households.

Among the many perks DPM Wong introduced, he mentioned that working moms could obtain the next quantity of fastened tax reduction, particularly for these with Singaporean kids born or adopted on or after Jan 1, 2024.

Furthermore, he introduced an extra child bonus money present of $3,000 for Singaporean kids born from Feb 13 and onward. These kids may even have greater authorities contributions to the Little one Growth Account, to help their mother and father in offsetting faculty and healthcare bills.

Notably, government-funded paternity depart will double for fathers of Singaporean kids born from Jan 1, 2024. Dad and mom’ unpaid toddler care depart may even double to 12 days per 12 months every for the primary two years of the kid’s life.

The newborn bonus money present, DPM Wong mentioned, ensures that “mother and father can obtain steady assist all the way in which till their little one enters major faculty.”

The nation’s Complete Fertility Charge for 2022 is 1.237 births per lady, a rise of 0.57 per cent from 2021. Research present, nonetheless, {that a} Complete Fertility Charge of two.1 kids per lady is required to make sure a broadly secure inhabitants.

Among the many many objects mentioned within the roll-outs, incentives regarding extra infants caught the eye of many netizens; a lot of whom made enjoyable of the scenario together with some who joked that the federal government is asking Singaporeans “to make extra infants.”