Singapore's $2.6 Trillion Massive Foreign Debt

Singapore has one of the world's highest foreign debts!
Narrated by Tom McKay
Video Edited by Iyanbriandi
Inquiries: [e-mail]
Brought to you by the Behind Asian Team.

[@BehindAsia]

Do you think having a big foreign debt is bad for Singapore? Let us know down below!

[@joeallencaseres2035]

Absolutely yes

[@jerichochee1272]

Some debt is helpful. They can have a little, as a treat.

[@ericchong4252]

Too much debt

[@ChandraChandra-er7nf]

Yes.. SG will go down

[@mynameis0077]

Debt is always a ticking time bomb. When foreigners deposited a huge amount of funds into Singapore, these people will withdraw the funds during crisis. Country like Japan has a huge dept higher than Singapore but that didn't bankrupt the country. Probably because the country has a strong manufacturing industries backing the income of the country. My point is Singapore should diverse its dependence on foreign funds. Should instead encourage its people to heavily engage in all sectors of manufacturing industries including high-tech equipments. Standing on your own two feet is always safer and better than depending on others to support you.

[@MrGunster]

3:03 is not Singapore @_@

[@clementihammock7572]

occasionally this trick was done deliberately, to gaslight Sg is part of China.

[@arnoldgoh5625]

I was gonna say

[@khoolw2501]

The $2.6T are Singapore bank loans to the neighbours. It’s bank assets, not debt owed by the SG gov. Where did you learn finance?

[@Abdul_Rahman86]

Depends what Singapore does with the DEBT. Sometimes DEBT produces income if it’s spent in the right way. I’d rather be $100k in debt but generate plenty of Cash flow that not only covers my debt repayment obligations but also give my a profit than have $100k worth of income which I have to pay taxes on and will inevitably corrode away due to inflation .

[@asyongmatipid2]

That scenario is easier said than done. If the debt keeps growing relative to the size of the economy it only means one thing and that is Singapore just like a lot of so-called developed nations is just kicking the can down the road. Let's hope that can doesn't hit a brick wall in a dead-end alley. : )

[@soosainathan1753]

In short if external sources feel confident enough to pump in money from other countries, it show confidence in the system and governance. Just how much of that money originates from Indonesia, Malaysia Brunei etc. It is reflected in the strength of its currency.

[@arnoldgoh5625]

3:04 is not an image of Singapore

[@oldtabrough1026]

After watching this video, I still have no idea what he is talking. I failed my Economics during my A-levels exam

[@2001lextalionis]

As with most economic indicators and govt spending, its going to boil down to how the money was spent and service cost of the debt

[@jimcuerlusano7091]

2.6 trillion singapore dollar when converted to ph peso is 117 trillion ph peso but ph foreign debt is only 12 trillion ph peso and rising to 15 trillion ph peso because of current inflation and interest rate

[@jimcuerlusano7091]

their foreign debt is 10 times higher versus philippines and for china their foreign debt is 80 times higher versus philippines and for america usa their foreign debt is 310 time higher versus philippines

[@ohenghwa9549]

How can it be singapore borrow from china

[@wwbren]

The whole video is made just for that 2 sec at 1:31. One has to think why this is highlighted for a topic that's only mildly relevant (Video can't even say China is one of the creditors of Singapore). Japan was just thrown in as a red herring.

[@weeshooen9510]

If the foreign debt is not the Sg sovereign debt owed to IMF or World Bank, Sg govt has no risk of becoming bankrupt.

[@chuageokseng2168]

National debt Versus Singapore bond rating AAA ranking.

[@chuageokseng2168]

Malaysia bond rating BBB ranking.

[@chuageokseng2168]

Good debt Versus Bad debt.

[@jimcuerlusano7091]

and for Malaysian foreign debt versus philippines they have 2 tines higher versus philioppines but their population is very fee versus ph population

[@singapoo]

As one of the world's leading financial centres, the external debts are mainly deposits kept in Singapore banks by overseas banks and depositors. When borrowers take up loans, these deposits become part of the external assets. Importantly, the investment returns are more than sufficient to cover debt servicing costs.

[@gogofmagog2382]

See the point, why Singapore a Nation of barely 5 million migrants in Malay peninsula has 2.6 Trillion dollar Foreign debt! How are they gonna pay for it when they dont have Natural resources, they even get their water to Malaysia.

[@ronnie5288]

Borrow too much $ to invest heavily in China..show hand..

[@icinli]

but I like watching your videos while i'm drunk.

[@hanselbarlowe2575]

Oh yey go singapore love from the usa❤

[@danieltan8734]

Sin as an external debt from the have, and reinvest back to the country who save money in Sin. so how much the Net Asset of Singapore ? if Sin in Crisis, Who loss ?

[@thingsall1347]

Hello Singapore, what can I help you

[@gavinhcc]

Lame excuses. Even after excluding the foreign deposits, Singapore foreign debt still stands at 1.3 trillion dollars, among the highest in the world.

[@khairuljaffar5979]

Lol still zero net debt overall. Plus, that money is being put to work in keeping markets liquid or invested in long-term projects that would benefit the country. We have low interest rates. It makes sense to borrow, rather than raise taxes or dip into our reserves.

[@ohcho-fg4co]

If debtors cannot payback, Singapore will be responsible and in big trouble.

[@hikkomorisg]

“If you owe your bank manager a thousand pounds, you are at his mercy. If you owe him a million pounds, he is at yours.” - John Maynard Keynes

[@khooahok4589]

Rich country why trillion debt 😂

[@gangstagummybear3432]

So in other words, it is "rich" because other rich countries put money into it, not that it itself is actually rich.

[@SylviaRodriguezDiamantez]

And pay this debt yes that is my name vault

[@jimcuerlusano7091]

It is very true that Ph economy is so strong and stable versus many other countries accross the Globe and Almost similar with Indian economy eventhough indian population is 10 times higher versus philiippines

[@charleswilson8038]

Best thing to have is a money printer. Likr the US.😊

[@MrGunster]

kzbin.info/www/bejne/e6DMoIqso7BssLc is not Singapore for sure.

[@LilSpinoEdits]

it is singapore, years before the marina bay sands hotel was completed (building with a slight curve at the right) and yet some buildings weren’t even finished.

[@MrGunster]

@@LilSpinoEdits no it's not, that's China ChongQing that look similar to Singapore MBS. google it :)

[@lingth]

Malaysia external debt?? Lol they have more issues with the money going into someone else pockets.

[@mykucingtua]

😂😂😂

[@SuzieSimSG]

Utter nonsense.

[@user-yu5tp4tv5z]

S'pore has no problem financially!

[@leechengho2821]

Our Government n even our current President haven't revealed anything about our reserves to all Singaporeans, so how do u know, whereas the former late Pres.Ong Teng Cheong did asked for the summary of the Reserves, but was declined by the Govts' staff, giving unreasonable excuses that it would take 56 man years to do so.

[@johnnyang2472]

Just return CPF after 55 so they can retire with dignity

[@user-il5rm1rq6j]

RUBBISH!!

[@user-sw2wp7hp3c]

Trump 2024-32.

[@komeratparewa400]

As long as domestic political stability is maintained and in harmony with Indonesia and Malaysia, whatever Singapore's debt is, it will be safe. On the other hand, if there is a conflict with the two countries, investors will leave.

[@shukriramlee]

Safe your ass! 😂

[@deebusoh9023]

My dog say is a scam

[@bonkersblock]

Where did you learn finances statistics and economics? 😂 even if Singapore is a wealthy nation? And finances that they manage? They don’t ‘own’ them! Singapore does have a huge foreign reserve though? But when shit hits the fan? And de-globalization finally hits? Singapore is gonna have to to use their foreign reserves to fund their payments and balance their sheets! The difference between external debt and domestic debt is that domestic debt? Your country can always restructure it! But external debt? You have to make payments in due time, otherwise your credit ratings will fall and interest will go up! 🎉

[@chuageokseng2168]

Singapore bond is ranking AAA rating.

[@chinsengsim]

Hahaahahnahahaah

[@jeek78]

Bankrupt country

[@gusdeng6082]

B S

[@sweekhimang7886]

Dream on, if going to bankrupt, why there is so many Foreign Billionaires park their money in Singapore recently & Singapore currency is the strongest among Asia countries??

[@dtang3288]

​@@sweekhimang7886 this guy who wrote 'Bangkrupt country' is a troll from a neighbouring country.