Gov‘t rolls out 2024 CDC vouchers
This marks the fourth tranche of the CDC vouchers.
Financial Secretary Lawrence Wong announced the launch of the 2024 CDC vouchers, marking its fourth tranche since 2021.
The value of the CDC vouchers this year has been increased to $500 from $300 last year. In 2021 and 2022, the vouchers were worth $100.
The vouchers will be split into two equal parts with the $250 to be used in participating heartland shops, merchants, and hawkers, and the other in participating supermarkets.
The number of participating merchants and hawkers have doubled to 23,000 from 11,000 in the program’s inception in 2021. 8 supermarket chains, with a shared total of 415 outlets, are also included.
The vouchers aid Singaporean’s financial needs amidst high inflation and geopolitical uncertainties
In 2023, 97% of the vouchers rolled out have been spent.
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