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

Description

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

Properties

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

Methodology

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.

Revisions

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