Singapore Forecast: Government Net Debt

1991 - 2029 | Yearly | SGD bn | International Monetary Fund

Key information about Singapore Forecast: Government Net Debt

  • Singapore Government Net Debt is forecasted to be 938.580 SGD bn in Mar 2024 as reported by International Monetary Fund.
  • It records an increase from the last reported number of 874.299 SGD bn in Mar 2023.
  • Looking ahead, Singapore Government Net Debt is projected to stand at 1,370.026 SGD bn in Mar 2029.
  • The data is updated yearly and is categorized in CEIC under World Trend Plus’s Country Forecast – Table IMF.WEO: General Government Gross Debt.

View Singapore's Forecast: Government Net Debt from 1991 to 2029 in the chart:

Singapore Forecast: Government Net Debt

What is Singapore's Forecast: Government Net Debt in 2029?

Singapore Government Net Debt is forecasted to be 938.580 SGD bn in Mar 2024 as reported by International Monetary Fund. See the table below for more data.

Last Previous Min Max Unit Frequency Range
1,370.026 2029 1,264.086 2028 53.292 1991 1,370.026 2029 SGD bn yearly 1991 - 2029

Forecast: Government Net Debt by Country Comparison

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Includes Forecast: Government Net Debt on 189 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
Afghanistan (AFA bn) 0.000 yearly -
Albania (ALL bn) 1,788.859 2028 yearly 1997 - 2028
Algeria (DZD bn) 29,393.500 2028 yearly 1991 - 2028
Angola (AOA bn) 55,382.903 2028 yearly 2000 - 2028
Antigua and Barbuda (XCD bn) 4.495 2028 yearly 1990 - 2028
Argentina (ARS bn) 722,661.622 2028 yearly 1992 - 2028
Armenia (AMD bn) 7,300.684 2028 yearly 1996 - 2028
Australia (AUD bn) 1,875.287 2028 yearly 1989 - 2028
Austria (EUR bn) 392.481 2028 yearly 1988 - 2028
Azerbaijan (AZN bn) 53.504 2028 yearly 1995 - 2028
Bahamas (BSD bn) 13.623 2028 yearly 1990 - 2028
Bahrain (BHD bn) 30.499 2028 yearly 1990 - 2028
Bangladesh (BDT bn) 34,399.858 2028 yearly 2003 - 2028
Barbados (BBD bn) 13.646 2029 yearly 1995 - 2029
Belarus (BYN bn) 99.132 2028 yearly 2004 - 2028
Belgium (EUR bn) 813.373 2028 yearly 1980 - 2028
Belize (BZD bn) 4.122 2023 yearly 2001 - 2023
Benin (XOF bn) 8,232.034 2028 yearly 1998 - 2028
Bhutan (BTN bn) 418.985 2028 yearly 1993 - 2028
Bolivia (BOB bn) 348.787 2028 yearly 2000 - 2028
Bosnia and Herzegovina (BAM bn) 20.550 2028 yearly 1998 - 2028
Botswana (BWP bn) 54.112 2029 yearly 1999 - 2029
Brazil (BRL bn) 13,541.476 2028 yearly 2000 - 2028
Brunei (BND bn) 0.473 2028 yearly 1980 - 2028
Bulgaria (BGN bn) 66.540 2028 yearly 1998 - 2028
Burkina Faso (XOF bn) 11,095.524 2028 yearly 2002 - 2028
Burundi (BIF bn) 10,102.121 2028 yearly 2000 - 2028
Cambodia (KHR bn) 83,306.865 2028 yearly 1996 - 2028
Cameroon (XAF bn) 15,639.720 2028 yearly 1998 - 2028
Canada (CAD bn) 3,127.329 2028 yearly 1980 - 2028
Cape Verde (CVE bn) 370.095 2028 yearly 1997 - 2028
Central African Republic (XAF bn) 978.659 2028 yearly 1997 - 2028
Chad (XAF bn) 2,883.137 2028 yearly 1999 - 2028
Chile (CLP bn) 144,670.209 2028 yearly 1991 - 2028
China (RMB bn) 177,572.787 2028 yearly 1995 - 2028
Colombia (COP bn) 1,259,489.783 2028 yearly 1996 - 2028
Comoros (KMF bn) 327.985 2028 yearly 1984 - 2028
Congo (XAF bn) 7,588.330 2028 yearly 1989 - 2028
Costa Rica (CRC bn) 36,469.665 2028 yearly 1996 - 2028
Croatia (EUR bn) 56.988 2028 yearly 1998 - 2028
Cyprus (EUR bn) 21.238 2028 yearly 1995 - 2028
Czech Republic (CZK bn) 4,425.060 2028 yearly 1995 - 2028
Democratic Republic of Congo (CDF bn) 9,431.893 2028 yearly 2000 - 2028
Denmark (DKK bn) 1,059.155 2028 yearly 1992 - 2028
Djibouti (DJF bn) 298.635 2028 yearly 2009 - 2028
Dominica (XCD bn) 1.331 2025 yearly 1990 - 2025
Dominican Republic (DOP bn) 5,769.517 2028 yearly 1997 - 2028
Ecuador (USD bn) 66.678 2022 yearly 2001 - 2022
Egypt (EGP bn) 15,762.653 2028 yearly 1998 - 2028
El Salvador (SVC bn) 34.340 2028 yearly 1991 - 2028
Equatorial Guinea (XAF bn) 2,393.912 2028 yearly 1980 - 2028
Eritrea (ERN bn) 56.258 2028 yearly 2000 - 2028
Estonia (EUR bn) 13.858 2028 yearly 1995 - 2028
Swaziland (SZL bn) 48.112 2029 yearly 1994 - 2029
Ethiopia (ETB bn) 3,383.557 2025 yearly 1992 - 2025
Fiji (FJD bn) 14.102 2028 yearly 1992 - 2028
Finland (EUR bn) 273.556 2028 yearly 1980 - 2028
France (EUR bn) 3,784.636 2028 yearly 1980 - 2028
Gabon (XAF bn) 8,551.461 2028 yearly 1990 - 2028
Gambia (GMD bn) 118.457 2028 yearly 2000 - 2028
Georgia (GEL bn) 45.566 2028 yearly 2000 - 2028
Germany (EUR bn) 2,919.165 2028 yearly 1991 - 2028
Ghana (GHS bn) 1,569.809 2028 yearly 1990 - 2028
Greece (EUR bn) 381.620 2028 yearly 1980 - 2028
Grenada (XCD bn) 2.093 2028 yearly 1991 - 2028
Guatemala (GTQ bn) 317.696 2028 yearly 2000 - 2028
Guinea (GNF bn) 106,834.487 2028 yearly 1990 - 2028
Guinea-Bissau (GWP bn) 1,180.726 2028 yearly 1997 - 2028
Guyana (GYD bn) 1,218.452 2028 yearly 1997 - 2028
Haiti (HTG bn) 1,306.028 2028 yearly 1997 - 2028
Honduras (HNL bn) 388.457 2022 yearly 1990 - 2022
Hong Kong SAR, China (HKD bn) 416.015 2029 yearly 2005 - 2029
Hungary (HUF bn) 58,715.351 2028 yearly 1995 - 2028
Iceland (ISK bn) 2,335.739 2028 yearly 1982 - 2028
India (INR bn) 423,355.936 2029 yearly 1992 - 2029
Indonesia (IDR bn) 11,643,015.126 2028 yearly 2000 - 2028
Iran (IRR bn) 198,588,181.684 2029 yearly 1997 - 2029
Iraq (IQD bn) 306,957.917 2028 yearly 2004 - 2028
Ireland (EUR bn) 183.197 2028 yearly 1990 - 2028
Israel (ILS bn) 1,379.950 2028 yearly 2000 - 2028
Italy (EUR bn) 3,138.281 2028 yearly 1988 - 2028
Ivory Coast (XOF bn) 36,598.331 2028 yearly 1997 - 2028
Jamaica (JMD bn) 2,014.910 2029 yearly 2000 - 2029
Japan (JPY bn) 1,719,693.305 2028 yearly 1980 - 2028
Jordan (JOD bn) 36.724 2028 yearly 1988 - 2028
Kazakhstan (KZT bn) 65,074.668 2028 yearly 2002 - 2028
Kenya (KES bn) 15,384.432 2028 yearly 1998 - 2028
Kiribati (AUD bn) 0.285 2028 yearly 1988 - 2028
South Korea (KRW bn) 1,622,679.968 2028 yearly 1990 - 2028
Kosovo (EUR bn) 3.314 2028 yearly 2006 - 2028
Kuwait (KWD bn) 8.222 2028 yearly 1991 - 2028
Kyrgyzstan (KGS bn) 970.316 2028 yearly 2000 - 2028
Laos (LAK bn) 152,655.509 2022 yearly 2001 - 2022
Latvia (EUR bn) 22.128 2028 yearly 1998 - 2028
Lebanon (LBP bn) 144,108.000 2020 yearly 2000 - 2020
Lesotho (LSL bn) 34.876 2029 yearly 1989 - 2029
Liberia (LRD bn) 3.370 2028 yearly 2000 - 2028
Libya (LYD bn) 140.430 2021 yearly 1990 - 2021
Lithuania (EUR bn) 34.725 2028 yearly 1998 - 2028
Luxembourg (EUR bn) 30.196 2028 yearly 1995 - 2028

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Singapore Key Series

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Includes 235 key indicators for Singapore, curated by CEIC analysts. Instant access to full history data in excel.
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) 2.0 Dec 2022 quarterly Mar 2012 - Dec 2022
Consolidated Fiscal Balance (USD mn) -17,631.033 Mar 2023 monthly Apr 2011 - Mar 2023
Tax Revenue (USD mn) 4,369.787 Mar 2023 monthly Aug 1987 - Mar 2023
Tax Revenue: % of GDP (%) 9.9 Dec 2022 quarterly Dec 1987 - Dec 2022
National Government Debt (USD mn) 805,548.9 Dec 2022 quarterly Mar 1990 - Dec 2022
Government Debt: % of GDP (%) 167.8 Dec 2022 quarterly Mar 1990 - Dec 2022
Forecast: Government Expenditure (SGD bn) 152.985 2029 yearly 1991 - 2029
Forecast: Government Net Debt (SGD bn) 1,370.026 2029 yearly 1991 - 2029
Forecast: Government Revenue (SGD bn) 182.175 2029 yearly 1991 - 2029
Govt Finance: Cash Surplus / Deficit (SGD mn) 2,369.600 Jan 2023 monthly Apr 2011 - Jan 2023
Govt Revenue: Operating (SGD mn) 7,126.500 Mar 2023 monthly Jan 2003 - Mar 2023
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 3.997 2027 yearly 1980 - 2027
Trade Balance (USD mn) 4,599.9 Mar 2023 monthly Jan 1976 - Mar 2023
Total Exports (USD mn) 41,285.6 Jan 2023 monthly Jan 1976 - Jan 2023
Total Exports Growth (%) -6.7 Mar 2023 monthly Jan 1977 - Mar 2023
Aluminum: Exports (USD th) 638,380.869 2021 yearly 1995 - 2021
Exports: Medicament (USD th) 10,238,420.942 2021 yearly 1995 - 2021
Exports: Medicinal and Pharmaceutical Product (USD th) 7,279,161.100 2021 yearly 1995 - 2021
Total Imports (USD mn) 33,734.2 Feb 2023 monthly Jan 1964 - Feb 2023
Total Imports Growth (%) -11.6 Mar 2023 monthly Jan 1965 - Mar 2023
Imports: Medicament (USD th) 1,940,269.506 2021 yearly 1995 - 2021
Imports: Medicinal and Pharmaceutical Product (USD th) 1,928,399.104 2021 yearly 1995 - 2021
Total Exports to USA (USD mn) 4,981.097 Mar 2023 monthly Jan 1976 - Mar 2023
Total Imports from USA (USD mn) 4,575.845 Mar 2023 monthly Jan 1976 - Mar 2023
Total Exports to China (USD mn) 5,583.614 Mar 2023 monthly Jan 1975 - Mar 2023
Total Imports from China (USD mn) 4,929.018 Mar 2023 monthly Jan 1975 - Mar 2023
Re Exports: Non Oil (SGD mn) 22,035.26 May 2018 monthly Jan 1976 - May 2018
Domestic Exports: Non Oil (SGD mn) 17,289.94 May 2018 monthly Jan 1976 - May 2018
Exports: Non Oil (SGD mn) 40,168.70 Jul 2018 monthly Jan 1964 - Jul 2018
Exports: Indonesia (SGD mn) 4,048.531 Mar 2023 monthly Jan 2003 - Mar 2023
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 12,018.5 Dec 2022 quarterly Mar 1995 - Dec 2022
Current Account Balance (USD mn) 16,956.3 Dec 2022 quarterly Mar 1986 - Dec 2022
Current Account Balance: % of GDP (%) 14.6 Dec 2022 quarterly Mar 1986 - Dec 2022
Foreign Direct Investment (USD mn) 36,694.7 Dec 2022 quarterly Mar 1995 - Dec 2022
Foreign Direct Investment: % of GDP (%) 31.7 Dec 2022 quarterly Mar 1995 - Dec 2022
Foreign Portfolio Investment (USD mn) 9,946.200 Dec 2022 quarterly Mar 1995 - Dec 2022
Foreign Portfolio Investment: % of GDP (%) 8.6 Dec 2022 quarterly Mar 1995 - Dec 2022
External Debt (USD mn) 1,851,236.2 Dec 2022 quarterly Jun 2003 - Dec 2022
External Debt: % of GDP (%) 385.6 2022 yearly 2003 - 2022
External Debt: Short Term (USD mn) 1,200,975.3 Sep 2022 quarterly Jun 2003 - Sep 2022
External Debt: Short Term: % of GDP (%) 257.2 2022 yearly 2003 - 2022
Forecast: Current Account Balance (USD bn) 73.829 2028 yearly 1980 - 2028
Net International Investment Position (USD mn) 824,674.202 Dec 2022 quarterly Dec 2013 - Dec 2022
BoP: FA: Others: Liabilities (SGD mn) -117,586.200 Dec 2022 quarterly Mar 1986 - Dec 2022
BoP: Official Reserves (OR): Net (SGD mn) -10,716.200 Dec 2022 quarterly Mar 1986 - Dec 2022
BoP: Net Errors and Omissions (SGD mn) -737.400 Dec 2022 quarterly Mar 1986 - Dec 2022
BoP: FA: Direct Investment (SGD mn) -34,231.700 Dec 2022 quarterly Mar 1986 - Dec 2022
BoP: FA: Direct Investment: Liabilities (SGD mn) 50,904.100 Dec 2022 quarterly Mar 1995 - Dec 2022
BoP: FA: Financial Derivatives: Liabilities (SGD mn) -2,334.000 Dec 2022 quarterly Mar 2006 - Dec 2022
BoP: CA: Goods: Exports (SGD mn) 184,495.600 Dec 2022 quarterly Mar 1986 - Dec 2022
BoP: FA: Direct Investment: Assets (SGD mn) 16,672.400 Dec 2022 quarterly Mar 1995 - Dec 2022
BoP: CA: Primary Income Balance: Receipts (SGD mn) 50,936.100 Dec 2022 quarterly Mar 1986 - Dec 2022
BoP: CA: Primary Income Balance (SGD mn) -28,892.900 Dec 2022 quarterly Mar 1986 - Dec 2022
BoP: FA: Portfolio Inv: Liabilities (SGD mn) 13,797.700 Dec 2022 quarterly Mar 1995 - Dec 2022
BoP: FA: Financial Derivatives (SGD mn) -2,381.400 Dec 2022 quarterly Mar 2006 - Dec 2022
BoP: CA: Goods: Balance (SGD mn) 41,707.000 Dec 2022 quarterly Mar 1986 - Dec 2022
BoP: CA: Services: Imports (SGD mn) 89,826.200 Dec 2022 quarterly Mar 1986 - Dec 2022
BoP: CA: Goods: Imports (SGD mn) 142,788.600 Dec 2022 quarterly Mar 1986 - Dec 2022
BoP: CA: Secondary Income Balance (SGD mn) -1,371.300 Dec 2022 quarterly Mar 1986 - Dec 2022
BoP: Financial Account (FA): Net (SGD mn) 33,501.100 Dec 2022 quarterly Mar 1986 - Dec 2022
BoP: FA: Others: Assets (SGD mn) -66,074.500 Dec 2022 quarterly Mar 1986 - Dec 2022
BoP: FA: Portfolio Inv: Assets (SGD mn) 32,400.200 Dec 2022 quarterly Mar 1995 - Dec 2022
BoP: FA: Others (SGD mn) 51,511.700 Dec 2022 quarterly Mar 1986 - Dec 2022
BoP: Current Account (CA) Balance (SGD mn) 30,378.200 Sep 2022 quarterly Mar 1986 - Sep 2022
BoP: FA: Financial Derivatives: Assets (SGD mn) -4,715.400 Dec 2022 quarterly Mar 2006 - Dec 2022
BoP: FA: Portfolio Investment (SGD mn) 18,602.500 Dec 2022 quarterly Mar 1986 - Dec 2022
BoP: CA: Primary Income Balance: Payment (SGD mn) 79,829.000 Dec 2022 quarterly Mar 1986 - Dec 2022
BoP: CA: Services: Balance (SGD mn) 12,079.500 Dec 2022 quarterly Mar 1986 - Dec 2022
BoP: CA: Services: Exports (SGD mn) 101,905.700 Dec 2022 quarterly Mar 1986 - Dec 2022
BoP: FA: PI: Liabilities: Debt Securities (SGD mn) 1,256.600 2018 yearly 1988 - 2018
BoP: FA: PI: Liabilities: Equity & Investment Fund Shares (SGD mn) -5,728.600 2018 yearly 1988 - 2018
International Investment Position (IIP) (SGD mn) 1,108,209.700 Dec 2018 quarterly Dec 2013 - Dec 2018
External Debt: Gross: OL: DTC: Long Term (SGD mn) 207,484.500 Sep 2022 quarterly Jun 2003 - Sep 2022
External Debt: Gross: OL: DTC: Short Term (SGD mn) 1,367,032.900 Jun 2022 quarterly Jun 2003 - Jun 2022
External Debt: Gross (SGD mn) 2,481,397.000 Dec 2022 quarterly Jun 2003 - Dec 2022
External Debt: Gross: OL: OS: Short Term (SGD mn) 318,440.000 Jun 2022 quarterly Jun 2003 - Jun 2022
External Debt: Gross: OL: OS: Long Term (SGD mn) 219,612.600 Dec 2022 quarterly Jun 2003 - Dec 2022
FDI: By Industry: Financial & Insurance Services (SGD mn) 1,413,493.900 2021 yearly 1998 - 2021
Foreign Direct Investment (FDI): Total (SGD mn) 2,478,992.200 2021 yearly 1998 - 2021
FDI: By Industry: Manufacturing (SGD mn) 283,113.000 2021 yearly 1998 - 2021
FDI: By Industry: Wholesale & Retail Trade (SGD mn) 355,257.200 2021 yearly 1998 - 2021
FDI: By Industry: Professinal, Administrative & Support Services (SGD mn) 226,482.900 2021 yearly 1998 - 2021
FDI: By Country: United Kingdom (SGD mn) 115,352.900 2021 yearly 1998 - 2021
FDI: By Country: Netherlands (SGD mn) 54,410.000 2021 yearly 1998 - 2021
FDI: By Country: Switzerland (SGD mn) 87,875.100 2021 yearly 1998 - 2021
FDI: By Country: United States (SGD mn) 597,792.600 2021 yearly 1998 - 2021
FDI: By Country: Japan (SGD mn) 155,401.300 2021 yearly 1998 - 2021
Business Entities (BE): Formation: Total (Number) 5,672.000 Feb 2023 monthly Jan 1970 - Feb 2023
SG: BOP: Current Account: Personal Remittances: Received (USD mn) 0.000 2021 yearly 2005 - 2021
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 1.3 Dec 2019 quarterly Dec 2008 - Dec 2019
Household Debt: % of GDP (%) 56.1 Dec 2022 quarterly Mar 1995 - Dec 2022
Non-Performing Loans (USD mn) 9,947.940 Dec 2019 quarterly Dec 2008 - Dec 2019
Money Supply M1 (USD mn) 333,542.312 Mar 2023 monthly Mar 2004 - Mar 2023
Money Supply M2 (USD mn) 935,253.705 Mar 2023 monthly Mar 2004 - Mar 2023
M2 Growth (%) 6.9 Mar 2023 monthly Mar 2005 - Mar 2023
Foreign Exchange Reserves (USD mn) 298,443.0 Mar 2023 monthly Apr 2000 - Mar 2023
Foreign Exchange Reserves: % of GDP (%) 59.942 Dec 2022 quarterly Jun 2000 - Dec 2022
Foreign Exchange Reserves: Months of Import (NA) 8.7 Feb 2023 monthly Apr 2000 - Feb 2023
Gold Reserves (USD mn) 5,954.900 Mar 2023 monthly Apr 2000 - Mar 2023
Total Deposits (USD mn) 1,316,413.570 Mar 2023 monthly Jan 1991 - Mar 2023
Total Deposits Growth (%) 6.7 Feb 2023 monthly Jan 1992 - Feb 2023
Domestic Credit (USD mn) 873,200.8 Mar 2023 monthly Mar 2004 - Mar 2023
Domestic Credit Growth (%) 26.4 Feb 2023 monthly Mar 2005 - Feb 2023
Credit to Households (USD bn) 220.616 Sep 2022 quarterly Mar 1991 - Sep 2022
Credit to Private Non-Financial Sector (USD bn) 824.455 Sep 2022 quarterly Dec 1963 - Sep 2022
Household Debt (USD mn) 276,347.3 Mar 2023 monthly Mar 2004 - Mar 2023
Total Loans (USD mn) 954,716.940 Mar 2023 monthly Mar 2004 - Mar 2023
Total Loans Growth (%) -4.92 Mar 2023 monthly Mar 2005 - Mar 2023
Private Debt: % of Nominal GDP (%) 139.70 Dec 2022 quarterly Mar 2004 - Dec 2022
ORA: Other Reserve Assets (USD mn) 472.40 Jul 2018 monthly Apr 2000 - Jul 2018
ORA: Gold Incl Gold Deposits and Gold Swapped (USD mn) 211.70 Jul 2018 monthly Apr 2000 - Jul 2018
DBU: Loans & Advances: Total, Including Bills Financing (SGD mn) 667,892.20 May 2018 monthly Jan 1980 - May 2018
DBU: Loans & Advances: CL: Housing & Bridging Loans (SGD mn) 203,114.90 May 2018 monthly Jan 1991 - May 2018
DBU: Loans & Advances: Loans to Businesses (LB) (SGD mn) 403,032.70 May 2018 monthly Mar 2004 - May 2018
DBU: Loans & Advances: Consumer Loans (CL) (SGD mn) 264,859.50 May 2018 monthly Mar 2004 - May 2018
DBU: Loans & Advances: LB: Professional & Private Individuals (SGD mn) 10,320.90 May 2018 monthly Jan 1991 - May 2018
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) -0.4 Feb 2023 monthly Jan 2000 - Feb 2023
Composite Leading Index: 2015=100 (2015=100) 109.300 Mar 2019 quarterly Mar 1978 - Mar 2019

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