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26-09-2022, 01:30 PM
From Wiki
The funds managed by GIC are owned by the Singapore Government. Its investment returns supplement the country's annual budget in areas such as education, R&D, health care and physical environment.[24]
As a Fifth Schedule company under the Singapore Constitution, GIC is accountable in various key areas to the President of Singapore who is empowered under the constitution to obtain information to enable her to safeguard the country's reserves. The Auditor-General, who is appointed by the President of Singapore, submits an annual report to the President and Parliament on his audit of the Government and other bodies managing public funds.[25]
The funds managed by GIC are owned by the Singapore Government. Its investment returns supplement the country's annual budget in areas such as education, R&D, health care and physical environment.[24]
As a Fifth Schedule company under the Singapore Constitution, GIC is accountable in various key areas to the President of Singapore who is empowered under the constitution to obtain information to enable her to safeguard the country's reserves. The Auditor-General, who is appointed by the President of Singapore, submits an annual report to the President and Parliament on his audit of the Government and other bodies managing public funds.[25]
Why do we need 5 Mayors and 80 PAP Ministers?
