Daily Singapore News

The amendment to the Constitution of the Republic of Singapore to allow the Government to use more investment returns on the reserves, has been passed on 21 Oct 2008. Prior to this amendment, it can only spend up to 50% of net investment income (interest & dividends) from investing the reserves.

Now, The Singapore Government can spend up to 50% of the net investment returns (interest, dividends & capital gains) on its reserves, which also factors in expected long-term real rates of return.

Basically, this means the Government will have more ‘bullets’ to help businesses, workers and households to deal with upcoming as well as future challenges.

Read more on the Constitution of the Republic of Singapore (Amendment) Bill.

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