What are CDC vouchers 2026 and where can they be used?

CDC vouchers 2026 are S$500 in digital credits per Singapore household to support daily expenses. You can spend them at participating heartland merchants, hawker stalls, and select supermarkets. They are typically split for use across food and essential goods. Households should check the merchant directory and expiry dates, plan redemptions around promotions, and combine with loyalty programs. This helps stretch budgets and maintain steady spending without relying on debt.

How will the Cost-of-Living payment affect inflation and spending?

The Cost-of-Living payment of S$200 to S$400 boosts spending power, especially for essentials like groceries and transport. Because the amounts are targeted and time-limited, they support near-term demand without fueling broad price spikes. Retailers may lean on promotions instead of large markups. We expect stable basket sizes and improved volumes. For policy, contained inflation pressures reduce the need for aggressive price pass-through, giving households steadier monthly budgets.

What are U-Save rebates and who benefits the most?

U-Save rebates are government offsets on utilities bills for eligible HDB households. They reduce electricity and gas expenses, smoothing cash flow across the year. Families in larger flats see smaller amounts than those in smaller flats, reflecting need-based calibration. The rebates free up money for essentials and services, helping heartland retail. For small tenants and service providers, steadier customer budgets support sales, while lower arrears risk helps retail landlords keep occupancy stable.

Global Market Insights

Singapore Budget 2026, February 13: S$500 CDC Vouchers, Cash Aid Lift Spending

ByDanny Kontos February 13, 2026February 13, 2026

Budget 2026 Singapore centers on direct relief and steady demand. Households will receive S$200 to S$400 in cash aid, S$500 in CDC vouchers 2026, and enhanced U-Save rebates on utilities. These measures cushion daily costs and should lift near-term spending, especially in groceries, F&B, and heartland retail. We expect a measured boost to tenant sales at suburban malls and improved bill coverage for smaller businesses. For investors, Budget 2026 Singapore offers clearer visibility on consumer activity across 2026 to 2027, with manageable inflation pressures.