Connect with us

Community

Singapore rolls out S$500 CDC vouchers for 1.27 million households

Starting Wednesday, Singaporean households can utilize S$500 (US$376) in CDC vouchers.

The January 2024 CDC vouchers will be disbursed to about 1.27 million households, costing the government S$635 million.

Published

on

SINGAPORE: Starting on Wednesday (3 January), Singaporean households have access to S$500 (US$376) worth of Community Development Council (CDC) vouchers, valid for use at participating supermarkets and heartland businesses.

Deputy Prime Minister Lawrence Wong launched the latest voucher scheme at Jalan Besar Community Club, announcing ongoing deliberations within the Ministry of Finance for Budget 2024, exploring avenues to further support Singaporeans.

The new CDC vouchers, amounting to S$500 per household, signify a S$200 increase from the previous 2023 tranche, as earlier revealed by Deputy Prime Minister Wong in September last year.

To address the rising cost of living, the Singapore government introduced a comprehensive S$1.1 billion (US$800 million) support package.

Like their predecessors, half of these CDC vouchers are designated for use at supermarkets, while the other half can be utilized at hawker stalls and local merchants.

Approximately 1.27 million Singaporean households are slated to receive the January 2024 CDC vouchers, incurring a government cost of S$635 million.

Mr Wong emphasized that these vouchers form a crucial part of the government’s broader support plan aimed at mitigating the impacts of inflation.

Additionally, various aid initiatives are in place, such as the disbursed Assurance Package, providing cash amounts of up to $800 in December 2023.

Furthermore, cash payouts for eligible seniors and MediSave top-ups are scheduled for February.

He said the government has laid out an “entire schedule of assistance and payouts” including provisions to assist Housing Board households in managing utility bills and service and conservancy charges.

Challenges faced in 2023 impacting Singapore’s growth and household pressure

In 2023, Singapore faced a challenging external environment resulting in lower growth and increased pressure on households due to rising living costs.

However, DPM Wong expressed optimism, indicating positive signs for 2024. He highlighted expectations of continuing moderate inflation and gradual improvement in the economy, particularly in the manufacturing sector.

Mr Wong acknowledged looming risks such as global armed conflicts and ongoing geopolitical tensions among major powers.

He emphasized the potential impacts of these uncertainties on the vulnerable and fragile global economy.

Mr Wong justified the government’s decision to continue the CDC vouchers scheme, initially launched in December 2021 to aid heartland merchants and hawkers severely affected by the Covid-19 pandemic.

The 2023 vouchers recorded the highest claim rates among all previous distributions, with 97.7% of eligible households claiming them by December 31, 2023.

Of the claimed vouchers, approximately 96.5%—amounting to over $360 million—were spent at participating hawkers, local merchants, and supermarkets.

This year’s vouchers expand their usability to more supermarkets, including Cold Storage, joining the seven existing chains. The number of participating merchants has more than doubled, growing from 11,000 in 2021 to over 23,000 presently, as highlighted by Mr. Wong.

Mayor Low Yen Ling noted the positive impact of the scheme, with many heartland merchants experiencing increased foot traffic and sales.

In 2023, 21,000 merchants received CDC voucher transactions, marking a significant increase from 18,000 in 2021.

Mr Wong underscored the importance of Singaporeans adapting and thriving amidst changes and challenges, mentioning the ideas emerging from the Forward Singapore exercise.

He affirmed the government’s commitment to studying additional measures to navigate the nation’s path forward in an uncertain global landscape.

According to the CDC, as with earlier distributions, the CDC vouchers are accessible for digital claiming at go.gov.sg/cdcv.

Using their Singpass account, one member per household can log in to claim the CDC vouchers on behalf of their entire household.

Upon successful claiming, a voucher link will be dispatched to the applicant’s registered mobile phone number. This link can be shared among other household members for their use.

The validity period for these vouchers extends until December 31, 2024.

The CDC also warned against clicking unofficial online links.

They filed a police report and collaborated with authorities in investigating the circulation of these unauthorized links online.

Share this post via:
Continue Reading
12 Comments
Subscribe
Notify of
12 Comments
Newest
Oldest Most Voted
Inline Feedbacks
View all comments

How about establishing a living and minimal wage? You don’t have to pretend to be Santa Claus. Why do unnecessary work by giving bits ? Solve the problem once and for all. What work are you doing to pay yourselves millions of dollars? 2024 and still giving out vouchers! It is disgusting how you treat us LW.

635 million, … is but a fraction of the PA’s budget for an election year !!!

Or even, … the salary of an electrical engineer in SillyPore !!!

So, let’s not get too carried away by the notion of this regime’s generosity or understanding of the peoples plight, … please~eeeeee !!!

Economic projection always sounds good, un-employment sounds very low ? many jobs created ?

Swiss Standard of living?

Why so we need CDC vouchers? tsk tsk tsk. What do you think?

Are you telling us this:
70% Pineapple Lovers:
This is GOOD FOR YOU:
1) Increase GST
2) Increase PUB utilities
3) Increase COE, ERP
4) Increase Food Prices
5) Increase Housing prices
6) Increase Cost of Living
7) Increase Transport fares
8) Increase Hospital and Medical costs
9) Increase Foreigners intake, increase job losses
10) Increase Prices on Chicken, Eat Fish
11) Increase in Ageing population, collect carton boxes, a good form of
exercise. 

We need solutions not price increase!!!! What do you think?

Lee Hsian Yang is A Friend of SG millions love him.
Lee Hsian Loong, the MOST HATED person by the same Millions who despised him. Covered up SCANDALS after SCANDALS and proclaim RICH people CREATED jobs.

Yes. Yes. Rich CREATE jobs for Police, for Courts, for Lawyers, for ICA, for Prisons Dept, for Real Estate Developers, Bankers etc.

So where is the other half part of lies that the POFMA blinded.

Is it now a culture for Singaporeans living on the government’s handouts and vouchers? I like to ask, is the 61% loving it?

God bless Singaporeans and Singapore.

If you divide by family of 4, each getting $125 only. And if each one spend like $10k a year, then the GST you’re paying can be as high as $700, not forgetting all the mark-up due to this GST increase.

Short term 61% very happy, but longer term all lost out except the elites and their kakis

Last edited 2 months ago by Singapore Fooled Again n Again

Keep repeating giving peanuts, chicken wings, candies, chocolates for as many years as my memory recollect, since the days when SPF wear dark beige shorts and grey shirts.

And what else do Millionaires Bastards do – rehash recycle one-trick donkey treats, calling them targetted 🎯 and calibrated – Lan Jiao

And GOT THE ARMOUR THICK SKIN to proclaim they ARE NOT POPULIST – lies.

Trending

Discover more from Gutzy Asia

Subscribe now to keep reading and get access to the full archive.

Continue Reading