Lawrence Wong on Net Investment Returns Contribution

May 2021

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Lawrence Wong on Net Investment Returns Contribution

(Updated: )

From FY2016 to FY2020, the Net Investment Income (NII) and Net Investment Returns (NIR) taken into the Budget as Net Investment Returns Contribution (NRIC) were the maximum 50 per cent allowable under the Constitution. The Government plans to take in the maximum 50 per cent of NII and NIR for FY2021 in view of the expected overall Budget deficit. Second Minister for Finance Lawrence Wong said this in reply to an MP's questions in Parliament on Tuesday (May 11).

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