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Singapore Government Finances

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Strong Eagle
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Singapore Government Finances

Post by Strong Eagle » Fri, 31 Jul 2015 12:03 am

I split my reply out from the "Thumb Rule for PR Application" thread.
ecureilx wrote:
Barnsley wrote:
martincymru wrote: Oh how I wish the govt. here would be brave enough to open that door just a little bit more.
Good luck with that.....

Didnt they say "its not good for the citizens to know how many PR's there actually are" or something like that.

I will look for the quote and add :D
Heck, Citizens don't even know how much exactly is in SG Inc's reserves, just a number saying 260 billion ++ (apparently in the interest of the nation in case foreign powers can bring down SG Inc .. ), .....

What gives they will let martincymru have information he seeks ?? :P
There is a ton of data available about the state of Singapore's finances. The starting place is: http://www.singaporebudget.gov.sg/budget_2015/home.aspx and the actual budget report: http://www.singaporebudget.gov.sg/data/ ... diture.pdf

Debt analysis is a bit trickier but there is lots of information. Singapore has a huge debt in terms of percentage of GDP: http://www.forbes.com/sites/mikepatton/ ... d-nations/

But, if you look at the budget it's mostly a pay as you go budget, unlike the USA for example where operating costs are financed via the deficit.

Singapore maintains such a large debt in order to make a market in government securities that sets a benchmark interest rate for other securities, and to provide a vehicle for CPF and other types of investments.

http://www.quora.com/Why-does-Singapore ... ublic-debt

Singapore's foreign reserves are found at the MAS website: http://www.mas.gov.sg/statistics/reserv ... erves.aspx

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