World's second-richest country gives families $390 credits for each young child.

The Child LifeSG Credits will be issued from July 14 to families with children born between 2014 and 2025, Singapore's Ministry of Social and Family Development announced on Monday. Families with children born this year will receive the credits in April 2027, the ministry said, adding that they will be automatically credited to the eligible child’s Child Development Account trustee with no applications required. The latest credits were announced by Prime Minister Lawrence Wong in February and follows the S$500 Child LifeSG Credits top-up distributed to more than 450,000 children last year, The Straits Times reported. They were part of measures to assist families with the cost of raising children, which also included higher household income ceilings for several childcare subsidy schemes.