OBS_VALUE: MAS is a self-funded statutory board and does not receive any funding from the Government for its operations. Part of the MAS net profit for each financial year as the MAS may determine shall be paid to the Government and the remainder of the net profit, if any, shall be credited to the MAS General Reserve Fund. Prior to 2017, the paid-up capital of the Monetary Authority of Singapore (MAS) could be increased by amount approved by the Government. As from 2017, the paid-up capital may be revised by such amount as the Government and the MAS board may agree. Any reduction of or increase in the paid-up capital may be effected by way of transfers to or from the MAS General Reserve Fund, or by such other means as the Government and the board may agree (prior to 2017, the MAS board had been only consulted with). 