[Blasterlord2]

The Singapore Government operates on a balanced budget over each term of Government. It also has a strong balance sheet that has assets well in excess of its liabilities.


The Government does not borrow* to fund its Budget. Under the Government Securities Act, the Singapore Government cannot spend the monies raised from three existing domestic debt securities it issues: Singapore Government Securities (SGS), Special Singapore Government Securities (SSGS), and Singapore Savings Bonds (SSB).


SGS are marketable debt instruments issued for purposes of developing Singapore's debt markets. They provide a risk-free benchmark against which other risky market instruments are priced off.


SSGS are non-tradable bonds issued specifically to the Central Provident Fund (CPF) Board, Singapores national pension fund. Singaporeans CPF monies are invested in these special securities which are fully guaranteed by the Government. The securities earn for the CPF Board a coupon rate that is pegged to CPF interest rates that members receive.


SSB are non-tradable bonds issued to provide individual investors with a long-term saving option.

All borrowing proceeds from the issuance of SGS, SSGS, and SSB are invested. These investment returns are more than sufficient to cover the debt servicing costs.


More details of Singapore Government Borrowings are found at https://www.mof.gov.sg/Resources/Feature...Borrowings.



*Refers to borrowings through the Government Securities Act.

Is it true that investment returns are more than sufficient to cover debt servicing costs? Where to check that this is the case?

[Napoleon Porlumpar]

Is it true that investment returns are more than sufficient to cover debt servicing costs? Where to check that this is the case?

compounding interests + principal sum to be paid out on an ever-increasing CPF balance + national debt.................

[watchfirst9]

compounding interests + principal sum to be paid out on an ever-increasing CPF balance + national debt.................

As now still no problem, because overall investment asset value is well above debt.
Hope they remain prudent in investment and spending because things can be changed
over night like economic crisis in 2008.

[[[ForeverAlone]]]

Sometimes really this current PAP , can play POFMA on others but ownself already POFMA...

If you see daily financial news on SG , EVERY TIME SAY SG Financial is good , GIC profit blah blah

BUT EPIC you see Global economics is bad, USA and China and WHO SG Depend from??? is USA and China. How their market go will affect our economics.

Obviously Govt telling LIES ...

[Blasterlord2]

The reason I asked about this is because our national debt is huge. In 2023, our debt is 168% of our GDP.

However, our MOF says that this is not a problem because our asset is much more than debts and that the returns are mugh higher than borrowed money. How does anyone ascertain this?