Singapore Govt Starts Handing Out ‘Inflation Cushion’ $500 Voucher To Households

Singaporean households can use their S$500 (US$376) of Community Development Council (CDC) vouchers from Wednesday (Jan 3), at double the number of merchants from 2021. 

Similar to previous rounds, the vouchers can be claimed online where one member of each household can log in with their Singpass account to claim the CDC vouchers on behalf of their household.

Like in 2023, the vouchers have been split into two halves – S$250 can be used at participating heartland merchants and hawkers, while the other half can be used at participating supermarkets, said Deputy Prime Minister Lawrence Wong at the launch event on Wednesday. 

About 23,000 merchants are participating in the scheme in 2024, double that of 2021, said Mr Wong. The vouchers are part of a package implemented by the government to cushion the effects of inflation, he added.

The government is providing assistance in other ways – all Singaporeans above 21 years old would have received up to S$800 in cash in December 2023 from the Assurance Package, with lower-income individuals getting more, he noted. 

In February, eligible seniors will receive cash payouts, and seniors and children will see MediSave top-ups. 

There is an “entire schedule” of assistance and payouts planned for the year, including additional U-Save Rebates to help HDB households with their utility bills, said Mr Wong. 

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