Singapore is about to provide a one-time payment to help parents looking to have a baby to ease other people’s monetary burden amid layoffs and pay cuts for the coronavirus pandemic.
“We have won comments that COVID-19 has led some prospective parents to postpone their parenting plans,” Deputy Prime Minister Heng Swee Keat told parliament on Monday. “To help with spending this period, we will provide more help for newborns. “
Heng gave no further details about the measure or how it could be implemented, and said that the main points would be announced at a later date.
Any extras will come in addition to the government baby premium, which aims to inspire Singaporeans to have more children and provide eligible parents with up to S$10,000 ($7,330) in benefits. the pandemic and cuts in tasks and wages can further damage your fertility rate, which is already one of the lowest in the world.
Singapore’s fertility rate hit an eight-year low in 2018, according to the data, and the rate of 1. 14 (or 1. 14 births in line with female) was unchanged last year.
Neighboring the Philippines has the opposite problem. There, unfinished pregnancies are expected to reach nearly a portion of 2. 6 million if COVID-induced movement restrictions remain until the end of the year, the United Nations Population Fund said last month.
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