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.
In the final days of the fiscal year on March 31, 2025, the estimated liabilities of the Pioneer Generation Fund far surpassed its balance by nearly S$785 million (US$613 million), according to a parliamentary committee's report. This report, released on August 12, also revealed that the S$10 billion Future Energy Fund had yet to make any expenditures and may support nuclear power infrastructure if Singapore decides to adopt nuclear energy.
The committee, composed of eight Members of Parliament, is responsible for identifying potential reforms and efficiencies in the government's budget.
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- Pioneer Generation Fund liabilities exceed balance by nearly S$785 million channelnewsasia.com
