The government spending needs should not drive the investment strategies of GIC and Temasek. Speaking during the Committee of Supply debate, Senior Minister of State for Finance Josephine Teo says the two Singapore investment companies must continue to invest with the aim of achieving good, risk-adjusted returns over the long term. She says government spending needs will increase over time, and if the government is in need of more revenue, the solution rests on having a strategic Budget. Mrs Teo highlighted that the Net Investment Returns framework allows the government to tap on the investment returns of its reserves for budgetary spending in a sustainable way. 938LIVE/kt
Posted on: Fri, 07 Mar 2014 04:46:27 +0000
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