Demystifying Singapore’s Government Debt to GDP of 130%

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By Something About Finance • October 21, 2022

To be frank, we were very surprised when we saw Singapore at the top of the table for countries with the highest government debt to GDP. Is it a worrying sign? Or is there more to it than what the figures are implying? Therefore, we decided to take a deeper look by doing some research.

Source: worldpopulaton.com- Top 10 countries with the highest Debt to GDP in 2022

Debt Instrument Issued

Firstly, let's break down the different debt instruments that the Singapore government issued for their debt. Singapore Savings BondSingapore Government SecuritiesSpecial Singapore Government SecuritiesTreasury Bills Singapore Savings Bond is issued to give Singaporeans a debt instrument they could invest in to grow their money efficiently and safely to counter inflation. They are issued with a 10 years tenure and could be redeemed at any time with no loss of...