Singapore - Outstanding Public Debt

Singapore: Outstanding Public Debt

Mnemonic GDBT.ISGP
Unit Mil. SGD EOP, NSA
Adjustments Not Seasonally Adjusted
Quarterly 1.28 %
Data 2022 Q4 1,079,757
2022 Q3 1,066,134

Series Information

Source Singapore Department of Statistics (DOS)
Release Government Debt
Frequency Quarterly
Start Date 3/31/1990
End Date 12/31/2022

Singapore: Government

Reference Last Previous Units Frequency
Government Revenues Feb 2023 10,060 7,044 Mil. SGD, NSA Monthly
Government Budget Balance 2022 Q4 -926.66 15,815 Mil. SGD, SAAR Quarterly
Government Expenditures 2022 Q4 19,434 17,458 Mil. SGD, NSA Quarterly
Outstanding Public Debt 2022 Q4 1,079,757 1,066,134 Mil. SGD EOP, NSA Quarterly
Outstanding Public Debt - Domestic 2022 Q4 1,079,757 1,066,134 Mil. SGD EOP, NSA Quarterly
Outstanding Public Debt - Foreign 2022 Q4 0 0 Mil. SGD EOP, NSA Quarterly

Release Information

For Singapore, government debt; the stock of recognized direct liabilities of the government to the rest of the economy and the world.

  • Framework: IMF GFSM 2014
  • Measurement: Millions of Singapore dollars (Mil. SGD)
  • Point: End of period (EOP)
  • Adjustment: Not seasonally adjusted (NSA)
  • Native frequency: Quarterly
  • Start dates:
    • 1990Q1
    • 2015Q4
    • 2022Q1
    • 2022Q2

All debts are recorded in local currency at rates of exchange prevailing on the day of transaction. Central government debt is recorded on a gross basis.

The source writes:

There are two key categories of domestic debt instruments.

The first category of domestic debt instruments are issued under the Government Securities (Debt Market and Investment) Act for non-spending purposes. Borrowing proceeds raised under this Act are invested and cannot be spent. The debt instruments under this Act are issued for specific purposes including: 1. Publicly held domestic debt instruments comprising (a) Singapore Government Securities (Market Development) and Treasury Bills, which are issued to develop Singapore's debt markets; (b) Cash Management Treasury Bills, which are issued on an ad-hoc basis as a contingency cash management tool to manage the Government's short-term cashflow mismatches; and (c) Singapore Savings Bonds, which are issued to provide individual investors with a long-term savings option. 2. Non-publicly held domestic debt instruments comprising Special Singapore Government Securities, which are primarily issued to meet the investment needs of the Central Provident Fund.

The second category of domestic debt instrument are issued under the Significant Infrastructure Government Loan Act for spending purposes. These comprise Singapore Government Securities (Infrastructure) and Green Singapore Government Securities (Infrastructure), which are publicly held. Borrowing proceeds raised under this Act are used to finance spending on nationally significant infrastructure. For Green Singapore Government Securities (Infrastructure), borrowing proceeds raised are used to finance nationally significant infrastructure that qualify as eligible green expenditures under the Singapore Green Bond Framework.

No. The data are final when first released and are not subject to revision.

Further reading

At Monetary Authority of Singapore:

At Ministry of Finance: