Question

Enables the government to generate a huge amount of revenue

Answer 1

Answer:For a country of 5.6 million, of which 4 million are citizens or permanent residents, the contribution of the incomes earned from government reserves to government revenue is huge.

The government in Singapore has been able to generate revenues from well-invested reserves accumulating since Singapore’s Sovereign wealth funds were set up Temasek in 1974 and Government Investment Corporation (now known as GIC) in 1981. The information below indicates that personal taxes and sales taxes in Singapore are at half the rates what they would otherwise need to be, should the sovereign wealth funds not be contributing to the government revenue.

HOPE IT HELPS YOU !!!!!!!!!!

......