Finance Minister Dr Ashni Singh has announced that the “Because We Care” cash grant, which stood at $50,000 last year, will be increased to $60,000 this year.
This measure will benefit some 206,000 children in public and private schools, placing an additional $2 billion into households with school children.
Additionally, an annual transportation grant of $20,000 per child will be introduced.
Dr Singh explained that the “Because We Care” cash grant along with the uniform voucher allowance of $5,000, and the transportation grant, will aggregate to a total transfer of $85,000 per child, amounting to $17.5 billion for the year.
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