Singapore Urges U.S. to Accept China's Rise, Spare Other Nations

Re:Singapore Urges U.S. to Accept China's Rise, Spare Other ... by 87txH5G4 on Thursday May 16, 2019 @05:17AM (#19927381)

FYI, the Singapore public debt is objectively not unsustainable. On the surface, Singapore's public debt-to-GDP ratio is at around 110%, which is slightly higher than the US. Over the course of Singapore's history, each term of the government operated on a balanced budget (i.e., revenue >= expenditure). The government bonds are issue to "develop the domestic debt market". In fact, the government is legally not allowed to spend the proceed of the public debt.

For more information, see https://www.gov.sg/factually/content/is-it-fiscally-sustaina....

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Re:Singapore Urges U.S. to Accept China's Rise, Spare Other ... by jacques_chester on Thursday May 16, 2019 @07:03AM (#19927827)

Running short and long term debt balances to create financial market liquidity isn't uncommon. When Australia reached zero long-term debt in the early 2000s, the government continued raising and retiring hundreds of billions of dollars of debt on a regular cadence to provide AUD liquidity in the debt markets.

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