319 Building a Brighter Future, TogetherThis year’s Singapore Budget prioritizes empowering individuals and families to thrive in an ever-changing world. With a focus on support, opportunity, and resilience, we’re building a future where every Singaporean has the chance to succeed.I. Support for SingaporeansCost of Living Relief: Recognizing the rising cost of essentials, the government will introduce a one-off Cost of Living Special Payment of $200 to $400 for each adult Singaporean citizen residing in Singapore, depending on income. This will be disbursed in September 2024.Enhanced CPF Contributions: To strengthen retirement savings, the government will co-match an additional 1% of CPF contributions for all Singaporean workers aged 55 to 70. This will incentivize continued work participation and bolster retirement security.SkillsFuture Upgrading: A $1 billion SkillsFuture credit top-up will be allocated to help Singaporeans acquire in-demand skills. This will empower them to stay competitive in the workforce and adapt to changing industry needs.II. Support for FamiliesEnhanced Child Development Allowance: The government will increase the Child Development Allowance (CDA) for all income tiers, making childcare more affordable for families. This ensures quality early childhood education is accessible to all Singaporean children.Baby Bonus Boost: The Baby Bonus Cash Gift will be increased by $3,000 for Singaporean couples welcoming their first or second child. This aims to support families during the critical early years of parenthood.Parental Leave Extension: Working parents can rejoice! The government will extend the duration of shared parental leave by two weeks, offering families more flexibility and support during the initial months with a newborn. III. Support for SeniorsSilver Support Bonus: To acknowledge the contributions of our seniors, the government will provide a Silver Support Bonus of up to $800 for eligible lower- and middle-income seniors. This will help them cope with rising expenses.MediSave Top-Up: Seniors will receive a one-off MediSave top-up to supplement their medical savings and ensure they have access to quality healthcare.Enhanced Eldercare Services: Investments will be made to expand and improve eldercare services, including home care options and day care facilities. This will allow seniors to age in place with dignity and support. IV. Majulah Package: Investing in Our CommunityThis year’s budget includes a special Majulah Package, dedicated to enhancing public housing estates. This will focus on:Upgrading Common Areas: Funds will be allocated for the maintenance and refurbishment of common areas in HDB flats, promoting a more pleasant living environment.Enhanced Accessibility: Initiatives will be implemented to improve accessibility features within HDB estates, catering to the needs of residents with mobility limitations.Community Bonding Initiatives: Programs and events will be organized to foster stronger community spirit and social connections among residents. ConclusionBy investing in our people, families, and communities, we are investing in a brighter future for Singapore. Budget 2024 empowers individuals to reach their full potential and ensures that no one is left behind. Together, we build a more resilient and inclusive Singapore – a nation where everyone thrives.