The Monetary Authority of Singapore (MAS) has reported a net loss of $7.4 billion in the financial year ended 31 March 2022. Additionally, Singapore’s official foreign reserves also recorded a net loss of $4.7 billion. What could have caused the substantial loss and performance of Singapore’s central bank? Should we be worried about this? We examine the contributing factors, as well as impacts this could have on Singaporeans. Table of Contents:

• Factors Leading To This Fiscal Performance
• Impact On The Singapore Economy
• Impact On Individual Singaporeans
• Most Of Us Will Be Able To Tide Over The Uncertain Outlook
• How Do I Cope With The Impacts Of Inflation?
• Conclusion

Factors Leading To This Fiscal Performance Let us take a closer look at the reasons behind MAS’s fiscal performance this year. Some of the major contributing factors include inflation, unsteady global economic growth and MAS’s monetary policies.

1. Large Negative Foreign 

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