Singapore · Fortune Technology
Singapore is overhauling its landmark baby bonus scheme, first rolled out in 2001
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In 2025, births in the Southeast Asian country fell below 30,000 for the first time in its post-independence history, while the fertility rate dropped to 0.87 per woman, a record low.
Key facts
- The country is also placing its hopes on automation, with the government committing 1 billion Singapore dollars ($787 million) to public AI research from 2026 to 2030
- In 2025, births in the Southeast Asian country fell below 30,000 for the first time in its post-independence history, while the fertility rate dropped to 0.87 per woman, a record low
- The country does not have the natural resources to finance the costs of supporting an aged society, including both care and medical expenditures,” Tan Poh Lin, a senior research fellow
- Singapore is overhauling its landmark baby bonus scheme, first introduced in 2001, as the city’s fertility rate and number of births fall to record lows
Summary
Singapore is overhauling its landmark baby bonus scheme, first introduced in 2001, as the city’s fertility rate and number of births fall to record lows. “The country does not have the natural resources to finance the costs of supporting an aged society, including both care and medical expenditures,” Tan Poh Lin, a senior research fellow at the National University of Singapore (NUS)’s Institute for Policy Studies explains. At the country’s National Day Rally on Aug. 23, Prime Minister Lawrence Wong unveiled the “SG Child Support Package,” boasting measures like expanded childcare leave, strong financial support for parents, more affordable caregiving options, and extra chances to get subsidized housing. Demographic experts are cautiously optimistic about the new scheme, which appears to offer more sustained and holistic support for families.