In order to continue our efforts to build a bright future for our next generation, we will make investments in the early years of a child’s development and pay attention to strengthening opportunities for lower and middle income students.
Singapore Budget 2015 will introduce the following initiatives:
1. Enhancing Quality and Affordable Chilecare
2. Top-up to the Child Development Account (CDA)
3. Fully Subsidise Exam Fees for All Singaporean Students
4. Top-up to Edusave
5. Enhance Financial Assistance
6. Top-up to Pose Secondary Education Account (PSEA)
Source: MOF #SGBudget2015
Singapore’s social security system is built on four pillars:
1. Home Ownership
2. CPF
3. Healthcare Assurance
4. Workfare
Besides the four pillars of social security, the Government has also enhanced safety nets such as Comcare and Medifund to help Singaporeans who fall on hard times.
Source: MOF #SGBudget2015