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Xie Yao Quan on supporting Singaporeans in starting and raising families

13:56 Min

Raising a child in Singapore is "not cheap at all" and the Government can do even more to help parents with the financial costs, said MP Xie Yao Quan. He offered four suggestions. Make full-day childcare more affordable and refresh the benchmark for affordability, defining it as a median-income family being able to cover full-day childcare from ages three to six at an anchor operator, using just the Child Development Account after maximum dollar-matching and grant from the Government. Give every school-going Singaporean child aged seven to 16 a “Child Development Bonus” of S$600 in cash each year. To pay for those two proposals in perpetuity, create a new S$10 billion Future Generations Package and Future Generations endowment fund. Make student care more affordable for low-income families. Mr Xie spoke in Parliament on Wednesday (Feb 5).

Raising a child in Singapore is "not cheap at all" and the Government can do even more to help parents with the financial costs, said MP Xie Yao Quan. He offered four suggestions. Make full-day childcare more affordable and refresh the benchmark for affordability, defining it as a median-income family being able to cover full-day childcare from ages three to six at an anchor operator, using just the Child Development Account after maximum dollar-matching and grant from the Government. Give every school-going Singaporean child aged seven to 16 a “Child Development Bonus” of S$600 in cash each year. To pay for those two proposals in perpetuity, create a new S$10 billion Future Generations Package and Future Generations endowment fund. Make student care more affordable for low-income families. Mr Xie spoke in Parliament on Wednesday (Feb 5).

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