Q5. Why does the Government not disclose the overall size of our reserves? 　

MAS and Temasek publish the size of the funds they manage. As of 31 March 2019, the Official Foreign Reserves managed by MAS was S$401 billion and the size of Temasek’s portfolio was S$313 billion . 　

It is the size of the Government’s funds managed by GIC that are not published. What has been revealed is that GIC manages well over US$100 billion.