Do Singaporeans benefit from the Investment Returns of GIC and Temasek?
Singaporeans benefit from the investments returns on our reserves through its contribution to the annual Budget. About 20% of annual Government spending is funded by the investment returns on our reserves through the Net Investment Returns Contribution (NIRC).
Since FY2020, the NIRC has provided an annual revenue stream of about 3.5% of GDP on average. For the financial year which ended on 31 March 2024, the NIRC was about $22.92 billion.
The investment returns from our reserves provide additional resources for Government spending to benefit Singaporeans. This includes Government investments in education, healthcare, transport infrastructure, R&D and other areas to improve our living environment and to grow our economy.
Find out more on what the reserves are used for.
Related questions
How do Singaporeans benefit from the investment returns from our reserves?
Why don't we spend more of the investment returns, since the reserves are growing?
Why dont we increase the NIRC instead?
How does being included in the Net Investment Returns (NIR) framework impact the investment strategies Temasek, GIC and MAS?
