The President acts as the guardian of Past Reserves. This includes the reserves of key statutory boards and government companies (SBGC) listed under the Fifth Schedules to the Constitution. SBGCs include GIC Pte Ltd, Temasek Holdings Pte Ltd, the Housing and Development Board (HDB), Monetary Authority of Singapore (MAS), Central Provident Fund Board (CPFB) and Jurong Town Corporation (JTC). The President may veto any budget or specific transaction (e.g. giving of guarantees or raising of loans) if it is likely to lead to a draw on Past Reserves.
What exactly does the president do in the White House? Most citizens understand that the President of the United States is the leader of the country, but they may not be able to explain all the duties and powers that come with that position. The Constitution specifically lists several presidential responsibilities. Other presidential roles have developed as our country has grown and changed. Learn about the requirements to become president and how the president carries out some
of the major duties of this important position, as well as some historic examples.
