Reserves of the Government of Singapore

The reserves of the Government of Singapore are the investment assets of the Singaporean state, including those of Ministry of Finance and the Statutory Boards, the Monetary Authority of Singapore, GIC Private Limited (GIC), and Temasek Holdings.

In constitutional terms, the Past Reserves as a legal term refers to such reserves as existed before the sitting government came into office (the most recent handover being 15 May 2024). The president's discretion to withhold access to the Past Reserves is intended as a "second key" to ensure financial stability and restrain waste of the reserves.

As of 2023, the total reserves are conservatively estimated at S$2.5 trillion (2024) (US$1.87 trillion), based on publicly available data from GIC, Temasek, MAS, and CPF, among others. Many analysts believe that the reserves are substantially larger than publicly acknowledged. The Ministry of Finance keeps the full details of the reserves private so as to prevent currency speculation attacks on the Singapore dollar.

This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.