Budget 2024: Extra S$600 CDC vouchers for every Singaporean household as Assurance Package gets S$1.9 billion boost

• The government injects an additional S$1.9 billion into the Assurance Package
• Part of the financial support includes CDC vouchers, cost-of-living special payment and U-save rebates
• Social scientists say that these measures are to tide Singaporeans over the high costs of living for the short term, but Budget 2024 also contains longer-term measures

TO HELP residents cope with concerns over cost of living and economic uncertainties, the government will inject an additional S$1.9 billion into enhancements for the Assurance Package.

In his Budget speech on Friday (Feb 16), Finance Minister Lawrence Wong laid out four main additions to the Assurance Package that aims to support Singaporean households.

First, the government will provide an additional S$600 in Community Development Council (CDC) vouchers to each Singaporean household.