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This is a somewhat complete list of all Singapore Acts of Parliament which have been passed - the entire list of acts passed is available online at the Singapore Attorney-General's Chambers website, at Singapore Statutes. Approved Budgets and annual debates may be found at the Supply Act.
A bill providing, directly or indirectly, for the borrowing of money, the giving of any guarantee or the raising of any loan by the Government if, in the opinion of the President, the bill is likely to draw on reserves of the Government that the Government did not accumulate in its current term of office.
The statutes define the purpose, rights and powers of each authority. These organisations would usually subsequently report to one specific ministry. This list includes both current and new statutory boards formed. [1] Singapore is a country known for its highly efficient and centralised government system largely due to these statutory boards. [2]
BTFs - bills of up to 1 year maturities; BTANs - 1 to 6 year notes; Obligations assimilables du Trésor (OATs) - 7 to 50 year bonds; TEC10 OATs - floating rate bonds indexed on constant 10year maturity OAT yields; OATi - French inflation-indexed bonds; OAT€i - Eurozone inflation-indexed bonds; Agence France Trésor
A bill is a draft law. In Singapore, most bills are government bills; they are introduced in Parliament by ministers on behalf of the Cabinet. However, any MP can introduce a bill. A bill introduced by an MP who is not a minister is known as a private member's bill. Because the Government currently holds a majority of the seats in Parliament, a ...
SSBs are not transferable, but the fact that they can be redeemed in any month for the face value of the bond plus accrued interest eliminates the interest-rate risk which is inherent in an ordinary bond (if interest rates rise, an ordinary bond loses value). The bonds are guaranteed by the government of Singapore.
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The principal argument for investors to hold U.S. government bonds is that the bonds are exempt from state and local taxes. The bonds are sold through an auction system by the government. The bonds are buying and selling on the secondary market, the financial market in which financial instruments such as stock, bond, option and futures are traded.