Extra S$300 in CDC vouchers for every Singaporean household as Government rolls out new S$900mn support package

The latest package comes as Middle East tensions continue to keep global energy prices elevated, with enhanced utility rebates for households and targeted support for SMEs and hawkers to help ease rising costs.

As Singapore continues to navigate the economic impact of the ongoing conflict in the Middle East, the Government has announced a second S$900M support package to help households and businesses cope with higher living and operating costs.

The latest package builds on the S$1bn assistance package unveiled in April this year, bringing total support announced in response to the crisis to around S$2bn, on top of measures introduced under Budget 2026.

Speaking at a press conference today (Thursday, 29 July 2026), Jeffrey Siow, Second Minister for Finance said the first package was introduced after the conflict broke out to cushion the impact of rising energy prices on Singaporeans and businesses.

Since then, businesses have received the enhanced Corporate Income Tax Rebate and Cash Grant, while households have benefited from S$500 in CDC vouchers and enhanced U-Save rebates in April and July. An enhanced Cost-of-Living Special Payment of between S$400 and S$600 is also scheduled to be paid in September.

However, 2M(F) Siow said the global situation remains uncertain. Although the worst-case scenario of severe shipping disruption through the Persian Gulf did not materialise, fighting has flared up again, shipping in the region continues to face disruption, and hopes of a durable ceasefire have faded.

As a result, Singapore expects global energy prices to remain elevated, leading to higher costs for petrol, diesel, electricity and certain imported goods.

At the same time, while Singapore's economy has held up better than expected, supported by continued investment in artificial intelligence, not all businesses have benefited equally.

"Businesses that are more exposed to supply disruptions and energy costs have come under greater pressure. SMEs, in particular, feel these cost pressures more acutely," he said.

Against this backdrop, the Government has introduced a second round of targeted support for households and businesses.

Every household to receive an additional S$300 in CDC vouchers

One of the headline measures is an additional S$300 in CDC vouchers for every Singaporean household. The vouchers will be distributed in January 2027, on top of the S$500 in CDC vouchers that were brought forward to June this year.

To help households better manage higher electricity costs, the Government will also enhance the U-Save rebates to be disbursed in October 2026 and January 2027.

Combined with the enhanced rebates already provided in April and July, eligible HDB households will receive between S$110 and S$190 in U-Save rebates every quarter during this financial year.

According to the Government, this should be sufficient to fully offset the impact of higher utility bills for most households living in four-room or smaller HDB flats until March 2027.

Additional help will also be extended to lower-income households through ComCare Interim Assistance.

Monthly payouts will be increased to at least S$250 per month for up to three months, with higher amounts available for households with greater needs. The Government will also adopt more flexible eligibility criteria so that more households can qualify for assistance.

SMEs to receive financing and cashflow support

Turning to businesses, Low Yen Ling, Senior Minister of State for Trade and Industry said the Government recognises that many companies, especially SMEs, remain concerned about rising operating costs and cashflow pressures.

"We aim to help them better manage their costs in the near term, while giving them the support they need to make business adjustments for the long run," she stated.

To improve access to financing, the Government will introduce a temporary enhancement to the Enterprise Financing Scheme (EFS) from September 2026 to March 2027.

During this period, the Government's risk-share for the EFS-SME Working Capital Loan and EFS-Project Loan will increase from 50% to 70%, making it easier for businesses to secure financing to support their cashflow needs.

The scope of the EFS-Project Loan will also be expanded beyond overseas projects to include domestic projects undertaken by local construction enterprises, helping them manage higher costs in a challenging operating environment.

One-off grants for SMEs and rental support for hawkers

The Government will also introduce a one-off SME Cash Grant.

Eligible SMEs with at least one local employee will receive S$500 per local employee, capped at S$2,500 per company. Eligible sole proprietorships, partnerships and limited liability partnerships with at least one local business owner but no local employees will receive a flat S$500 grant.

The grants will be disbursed in November 2026.

In addition, rental support will be provided for stallholders operating in Government-managed markets and hawker centres.

Cooked food stalls will receive S$1,200, while market stalls will receive S$600. The support will be paid over six months, from September 2026 to February 2027, with eligible stallholders to be notified separately of the eligibility criteria and payment details.

Government to continue monitoring the situation

Overall, the second package amounts to around S$900mn, bringing total Government support announced in response to the ongoing Middle East situation to approximately S$2bn.

2M(F) Siow said the Government stands ready to respond should circumstances change and will continue working closely with sector agencies to support and strengthen businesses through the challenging period, with SMS Low adding that it will keep a very close watch on how businesses fare and provide additional targeted support when needed as the situation evolves.

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Infographic / Ministry of Finance