Singapore Budget 2024 for Families: Key MeasuresThe Singapore Budget 2024 announced several measures to support families, focussing on areas like childcare, housing, cost of living, and special needs education. Here's a summary of the key initiatives:

Cost of Living:

• Additional $600 CDC Vouchers: Every Singaporean household will receive an additional $600 in CDC vouchers disbursed across 2024 and 2025. This can be used at participating merchants, hawkers, and supermarkets.
• Cost-of-Living payout: Singaporean adults with assessable income of less than $100,000 and owning only one property will receive a cash payout of $200-$400. This aims to help with rising costs.
• One-off U-save rebates: Eligible HDB households will receive U-save rebates of up to $950, offering savings on utilities bills.

Childcare and Education:

• Lower preschool fees: Monthly childcare fee caps at government-supported preschools will be reduced in 2025, aiming to make costs comparable to primary school and after-school care.
• Special education support: Maximum monthly fees at special education schools will be reduced from $150 to $90, and fee caps at special student care centres will also be lowered.

​Housing:

• More BTO flats: The government plans to release more Build-to-Order (BTO) flats to meet housing demand, especially for young families.
• More rental options: More rental options will be available for families waiting for their BTO flat completion.

​Other Support:

• Enhanced Assurance Package: The Assurance Package is further enhanced to provide more support for healthcare and retirement costs.
• MediShield Life subsidies: Increased subsidies for MediShield Life premiums, benefiting over 1 million Singaporeans.
• Community Health Assist Scheme (CHAS): Higher CHAS subsidies for primary care, making healthcare more affordable.

Resources:

• Ministry of Finance Budget 2024 website: https://www.mof.gov.sg/singaporebudget