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Sovereign Wealth Funds Briefing - Categorized | Financials, Reserve Currencies

Fiscal surplus of $3.45b, thanks to Temasek’s inclusion in NIR

Posted on 29 March 2016

From a $4.88 billion deficit last year to back in the black this year. An overall surplus of $3.45 billion is projected for 2016, buoyed by bigger contributions from Singapore investment company Temasek Holdings.
What is more, the surplus is forecast even as spending rises, including a marked increase in healthcare and business support. Helping offset the rising expenditure is Temasek’s inclusion in the net investment returns (NIR) framework this year. This will push the NIR contribution to the nation’s coffers to $14.7 billion, up 48.6 per cent from $9.9 billion last year………………………………………..Full Article: Source


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