Zero resources, infinite potential
Singapore is a small country, with hardly any natural resources to speak of. Over just a few short decades, the skills, energy and determination of its people have seen a nation of no natural resources become one of the world’s most modern, vibrant and successful economies.
Growing fast, and growing reserves
The strong reserves position that Singapore enjoys has contributed to her growth and international repute. In fact, Singapore is one of the few countries able to use investment returns from its reserves to further develop its social security nets, R&D, education and physical environment.
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Supporting the budget
Investment returns from GIC, along with MAS and Temasek, help strengthen Singapore's R&D, education, social security nets and physical environment. This is done through the Net Investment Returns Contributions (NIRC) which allows the government to take up to 50% of the net investment returns of the net assets managed by MAS, GIC and Temasek to supplement the annual government budget. The expected FY17/18 is S$14.11 billion – around 17% of total annual government revenues.