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.
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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.