Lawrence Wong

The Singaporean government has unveiled a series of financial support measures for families to combat record-low birth rates. Authorities plan to provide up to $55,000 for each child until the age of 17.

The Singaporean government will offer grants of tens of thousands of dollars to families who have children. The financial aid will begin at the child's birth and continue until they reach the age of 17. The reason: the country is expected to become a "super-aged" society in the coming year. The Prime Minister welcomed the proposal: "The future of the country will be only as strong as the families...