Pioneer Generation Fund liabilities exceed balance by nearly S$785 million
A parliamentary committee report also found that the S$10 billion Future Energy Fund has yet to make any expenditure. The fund could support nuclear power infrastructure if Singapore decides to deploy nuclear energy, says the government.
According to a parliamentary committee report released on Aug 12, the estimated liabilities of the Pioneer Generation Fund surpassed its balance by nearly S$785 million (US$613 million) as of the end of the financial year on Mar 31, 2025. The Pioneer Generation Fund, established in 2014, was created to support Singaporeans born before Dec 31, 1949, and who acquired citizenship before Dec 31, 1986.
The report highlighted that the S$10 billion Future Energy Fund, intended to underwrite Singapore's energy transition, had not yet incurred any expenditures. The Future Energy Fund, established in 2024, aims to support infrastructure investments for Singapore's energy decarbonisation.
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- Pioneer Generation Fund liabilities exceed balance by nearly S$785 million channelnewsasia.com
