President Halimah Yacob has concurred with the rates to be used in determining how much of the nation's past reserves can be used under the Net Investment Returns framework, she said yesterday.
The meeting is part of each year's Budget cycle, with the projections used to determine how much of the nation's past reserves can be tapped for the next Budget. The President's role includes protecting the past reserves, which Madam Halimah noted have"kept our economy stable during periods of crises".
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