Singapore's $800 Billion Massive Debt, Explained
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- Опубликовано: 29 мар 2024
- Singapore has one of the world's highest government debts!
Narrated by Tom McKay
Video Edited by Iyanbriandi
Inquiries: behindasian@gmail.com
Brought to you by the Behind Asian Team.
What do you think about Singapore's massive debt? Let us know down below!
In simple term, think of Singapore as someone who borrow to buy properties vs US as someone who borrow to pay for its increasing credit card bills.
For boomers and senior citizens, the current market and economy are unnecessarily harder. I'm used to simply purchasing and holding assets, which doesn't seem applicable to the current volatile market, and inflation is catching up with my portfolio. My biggest concern is whether I'll survive after retirement.
Let me get this straight : Singapore borrows money to invest in assets (anything that helps to make more money), whereas the US borrows money to pay liabilities (anything that takes money away from you). So Singapore is smart and responsible with the money they borrow vs the US which is totally irresponsible !
I think , Singapore regulates their own money domestically
Singapore operates like a bank which borrows money from the savers to obtain profits.
Singapore can only plan long term if the Government remains more or less the same. If the Government keep changing like the USA, planning will be short term for quick wins to please voters.
singapore debt is investment debt ie. tie to assets. which generate revenue or sold for cash. usa debt its for consumption which future generations has to pay
Title should change to Good Debts vs Bad Debts
Don't you worry about Singapore 😅😂
Borrowing to earn more in the future is smart .
Hi @BehindAsia , how did you get all the figures and data?
No one knows how Temasek and GIC invest Singapore's reserves. Hence, exactly how much reserves the country has.
Did they know out of the Top 10 Sovereign Wealth Funds in the world. Singapore has not 1 but 2 in the Top 10? GIC and Temasek
7:51
I think if I am not wrong, Singapore consider foreign deposit as external debt
ssb and sgs bonds and T-Bills.
Singapore has seemingly high gross debt, but in reality it has ZERO 0️⃣ nett debt.
Singapore Has Zero Net Debt
Fun Facts: Currently, both the Temask, and GIC, have a combined value of close to 1 trillion USD, and maintain different investment approaches to achieve investment returns, on the various projects in different fields, for the Government of Singapore (and, in turn, Singaporeans too).