Impact of Baby Bonus and Parental Leave Enhancements on Fertility Rate in 2023 and 2025
Cai Yinzhou asked if there has been an assessment of the Baby Bonus and parental leave enhancements on Singapore's fertility rate. Indranee Rajah responded that it is challenging to isolate the impact of individual policies since the Marriage and Parenthood package is designed to work together to support families. Feedback indicates that these enhancements are well-received, with parents believing they encourage childbearing through increased financial support and time with newborns. The government will continue to monitor and review the effectiveness of the Marriage and Parenthood package to better assist families.