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Budget Speech 2007
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Assistance for Low-Income Families with Young Children

 

6.11 To help lower-income families with young children, we will increase financial assistance for kindergarten and childcare. We will enhance the Kindergarten Financial Assistance Scheme (KiFAS) by increasing the level of subsidy from 75% of kindergarten fees, which is where it is currently, to 90%. This means that low-income families will now be able to enjoy a subsidy of about $80 a month. Subsidies for the Centre-Based Financial Assistance Scheme for ChildCare (CFAC) will be increased by between $20 and $40 a month for each child. Other enhancements to the ComCare Fund programmes will be announced by MCYS later. These enhancements will cost a total of $6 million a year.

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    ANNEXES
      ANNEX A : Budget 2007 Tax Changes
      ANNEX B : CPF Restructuring for Low-wage Workers and Workfare
      ANNEX C : SME Rebate Scheme
      ANNEX D : New Customs and Excise Duties for Beer and Stout
      ANNEX E : Impact of GST Offset Package on Households
      ANNEX F : Budget for FY2006 and FY2007
 
 
 
   
     
 
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