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The Supply Act is usually debated as the Annual Budget of the Government of Singapore.Before the end of each financial year, the Ministry of Finance prepares the Singapore Budget and the Minister for Finance presents the Budget to the Parliament before the new financial year begins. [1]
The Istana is the official residence of the President of Singapore. The reserves of the Government of Singapore is a collection of assets, after subtracting for liabilities, owned by the Government of Singapore and the entities listed in the fifth schedule of the Constitution, such as the Central Provident Fund (CPF), Housing and Development ...
GeBIZ is a Government−to−business (G2B) Public eProcurement center where suppliers can conduct electronic commerce with the Singapore Government. All of the public sector's invitations for quotations and tenders (except for security−sensitive contracts) are posted on GeBIZ.
Singapore's debts are under the responsibility of MAS. As of 2022, the Singapore Government debt exceeds the country's GDP at about 150%. However, these are not net debts, but gross external debts, which can be traced to the debt liabilities in Singapore's banking sector—a reflection of the country's stature as a major global financial hub.
The global energy crunch of 2021 and 2022 saw a significant increase in gas prices due to high demand and tight supply. The risk of disruptions in global gas supply was further exacerbated by the Russian invasion of Ukraine. This global energy crisis highlighted the risks that global gas supply could cause to Singapore's electricity supply. [6]
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The Singapore Power Building was renovated in 2006, when Singapore Power chose not to redevelop its corporate headquarters. Instead, it opted to refurbish and reclad the building in silvery metal. [5] Since 1995, SP Group has been wholly owned by Singapore investment fund Temasek which in turn is wholly owned by the Singapore government. [6]
SSBs are not transferable, but the fact that they can be redeemed in any month for the face value of the bond plus accrued interest eliminates the interest-rate risk which is inherent in an ordinary bond (if interest rates rise, an ordinary bond loses value). The bonds are guaranteed by the government of Singapore.