Singapore is about to supply a one-off cost to assist dad and mom trying to have a child in an effort to ease folks’s monetary burden amid job layoffs and wage cuts throughout the coronavirus pandemic.
“We have now obtained suggestions that Covid-19 has triggered some aspiring dad and mom to postpone their parenthood plans,” Deputy Prime Minister Heng Swee Keat mentioned in parliament on Monday. “To assist with bills throughout this era, we are going to introduce a one-off further assist for newborns.”
Heng did not instantly give any additional particulars concerning the measure or the way it may be carried out. He mentioned particulars will probably be introduced at a later date.
Any further assist will come on prime of the federal government’s child bonus, which is supposed to encourage Singaporeans to have extra youngsters and which supplies eligible dad and mom as much as S$10,000 ($7,330) in advantages. The island nation is going through its worst-ever financial disaster due to the pandemic and job and wage cuts might additional harm its fertility charge, already one of many lowest on the planet.
Singapore’s fertility charge touched an eight-year low in 2018, authorities information present, and the speed of 1.14 (or 1.14 births per girl) remained unchanged final 12 months.
Neighboring Philippines has the other drawback. There, unintended pregnancies are forecast to spike by nearly half to 2.6 million if Covid-induced motion restrictions stay till year-end, the United Nations Inhabitants Fund mentioned final month.
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