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As of October 2023, Singapore's debt situation is characterized by a high level of public debt, primarily due to its issuance of government securities for investment purposes rather than financing deficits. The country's debt-to-GDP ratio is substantial, but this is mitigated by strong economic fundamentals, significant foreign reserves, and a robust fiscal position. Singapore maintains a triple-A credit rating, reflecting its sound financial management and economic stability. Overall, the debt is largely considered manageable and serves to support its sovereign wealth funds and infrastructure development.

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1w ago

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