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Singapore Budget 2018: S$400m set aside to top up funds to support active ageing
THE government will set aside S$400 million to top up two funds to support active ageing, Finance Minister Heng Swee Keat said on Monday.
The government will provide a S$300 million top-up to the Community Silver Trust (CST). This provides dollar-for-dollar matching for donations to eligible voluntary welfare organisations (VWOs) that provide long-term care services. Since 2011, the CST has matched around S$500 million in donations raised by more than 80 VWOs.
The government will also provide a S$100 million top-up to the Seniors' Mobility and Enabling Fund. This fund offers subsidies for assistive devices and consumables for seniors. Another S$150 million will be spent over the next five years for transport to subsidised eldercare and dialysis centres.
For more Budget 2018 stories visit bt.sg/budget18