Eligible parents in Singapore to get enhanced Baby Bonus benefits from Aug 1, ahead of initial date in 2024

Singapore’s birth rate hit a record low in 2022, with recent figures showing a 7.9 per cent drop in the number of live births. - PHOTO: ST FILE

SINGAPORE (The Straits Times/ANN): Parents will receive more funds in their newborns’ Child Development Account (CDA) earlier, with the increased Baby Bonus benefits being given out ahead of schedule.

Minister in the Prime Minister’s Office Indranee Rajah said on Friday that parents of babies born on or after Feb 14 can expect to get the funds from August, earlier than in early 2024 as initially planned.