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Opposition Fools keep claiming that Singapore's external debts amount to 110% of their GDP. The fact is Singapore Government has around RM3 trillion of assets and 0 external debt.
I mean how could they go into debt when year after year, they close their budget with surplus unlike Malaysia who borrow to pay for operational expenditure?
Singapore Government has clarified that the so called debt the Opposition fools is fond of citing is actually mainly monies brought in by Singapore's international banking sector and these so called "loans" are fully backed by assets.
