Why is Singapore debt to GDP so high?

[Devil Within]

Debt to GDP definition from wikipedia as follows.
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http://en.wikipedia.org/wiki/Debt-to-GDP_ratio
In economics, the debt-to-GDP ratio is one of the indicators of the health of an economy. It is the amount of national debt of a country as a percentage of its Gross Domestic Product (GDP).

A low debt-to-GDP ratio indicates an economy that produces a large number of goods and services and probably profits that are high enough to pay back debts.

Governments aim for low debt-to-GDP ratios and can stand up to the risks involved by increasing debt as their economies have a higher GDP and profit margin.

Debt-to-GDP measures the financial leverage of an economy; some economists, such as Steve Keen, advocate using it as the key measure of a credit bubble (both its level and its change – particularly of private debt and total debt), and high levels of government debt (public debt) are widely decried as fiscal irresponsibility.
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So now the question is why Singapore has such a high debt to GDP ratio of 100.8% in 2012?
http://www.tradingeconomics.com/sing...nt-debt-to-gdp

Source: tradingeconomics.com


Check out the list of debt to GDP of other countries here. http://www.tradingeconomics.com/coun...nt-debt-to-gdp

[biondi]

Feel free to correct me on this but I believe CPF constitute a large part of our debt?

[kongsimi]

What about temasek hldgs and gic?

Did lao li potong jalan our cpf monies?

[steffychun]

Why did it drop between 04 and 08?

[chupacabra]

Whats all these numbers about.. Pappies said it would take 100 man years to do the maths. Sinkees should be patient and wait 100 years or so. Meanwhile 2 major ponding will happened within the timeline.