Close
Top

Investment Contributions to Singapore Government Budget

Investment income or return contributions from MAS, GIC, and Temasek help fund social initiatives that benefit Singaporeans.

In 2018, these contributions made up 18% of the Government’s overall revenue.

  • Under the NII1 framework, up to 50% of the dividends from designated Fifth Schedule entities can be used for Government spending.
  • Under the NIR2 framework, up to 50% of the expected long term returns from designated Fifth Schedule entities may be used for Government spending.

NII/NIR Contributions (S$b)

Click here to download the chart.
1 Under the Singapore Constitution, the reserves of Fifth Schedule entities are protected under the Reserves protection framework.
2 NII is Net Investment Income comprising actual dividends and interest income.
3 NIR is Net Investment Returns based on expected long term rate of return from net assets, less inflation.

How Singaporeans Benefit from Long Term Investment Returns
 

Long term investment returns from MAS, GIC, and Temasek have enhanced Singapore’s capability to support nationwide initiatives that benefit every citizen. These include the Pioneer Generation Package in 2014, and funding for programmes such as Edusave, the GST Voucher scheme, and the Community Silver Trust. 

   

 

Edusave

Started in 1993 to help maximise opportunities for Singaporean students in government and government-aided schools.

 

TechSkills Accelerator

Set up to develop more ICT professionals through the reskilling or upskilling of individuals.

 

CPF Medisave Top-ups

Part of the Pioneer Generation Package to help older Singaporeans pay for medical care.

 

GST Vouchers

Cash benefits, CPF top-ups and U-Save rebates for utilities to assist lower income households.

 

Community Silver Trust

Supports voluntary welfare organisations that provide long term health and social care.

 

SG Bonus

One-time cash benefit ranging from S$100 to S$300 given to all Singaporeans aged 21 and above.

Source: Ministry of Finance, Singapore Budget 2018 , February 2018.
Retrieved from https://www.singaporebudget.gov.sg/budget_2018  

   

 

Special Employment Credit Fund

Supports employers in hiring older Singaporean workers.

 

National Productivity Fund

Helps local businesses, especially SMEs, to strengthen their capabilities and enhance their competitiveness.