Skip to main content

Government officials will never ask you to transfer money or disclose bank log-in details over a phone call.

Call the 24/7 ScamShield Helpline at 1799 if you are unsure if something is a scam.

Ministry of Finance (MOF)
Featured Reports

Overview of Singapore Government Borrowing 2025

Topics

Fiscal Policies

20 June 2025

This article has been migrated from an earlier version of the site and may display formatting inconsistencies.

Some observers have pointed out that the Singapore Government has a high level of debt vis-à-vis Singapore’s GDP. Some wonder why this is so, given that the Government runs a balanced budget.

This note explains why the Government borrows, notwithstanding its healthy financial position.

Overview of Singapore Government Borrowings

Readers may also wish to refer here for more information on the Reserves Management Government Securities (RMGS).

Back to top