Singapore Budget 2015: Temasek to be included in net investment returns framework

Singapore will include the total expected returns from Temasek Holdings in its net investment returns (NIR) framework, said Tharman Shanmugaratnam, Deputy Prime Minister and Finance Minister, on Monday.

The current NIR framework - implemented in 2009 - permitted the government to spend up to 50 per cent of the expected long-term real returns on its net assets managed by the Government of Singapore Investment Corporation (GIC), and the Monetary Authority of Singapore (MAS).

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