The Singapore Government is to review a decade-old ‘Baby Bonus' scheme which failed to increase the fertility rate in the city-state even after paying out a whopping $230 million in incentives to parents to encourage them have more children.
Despite the monetary grant-based scheme, Singapore's fertility rate dropped 1.16 per cent last year, a far cry from the replacement rate of 2.1 per cent, the Channel News Asia reported today.