30 Oct '11, 11pm

10 Most Indebted Nations - Yahoo! Singapore Finance via @YahooFinance

Ok, if I am given to understand our debts are not to outsiders but taken from our CPF. So, what does the govt borrow for when almost every year it is a surplus? For whom? For what? Then where does our surplus funds go to every year? Who manages our foreign reserves? Do we even borrow to build roads, expand MRT, schools or are all these costed in our country's annual budget? I am worried to see how much are also being borrowed by our GLCs eg, DBS, Temasek, etc, from the way they keep raising funds through bonds. I understand they are taking advantage of cheap funds in the market but are they investing the cheap money wisely? It is like borrowing lots of money just because it is cheap to invest in the stock market. What if the stock market crashes? Won't we end up being in debt for years for terribly depreciated assets. In short, poorer instead of richer? We have always been...

Full article: http://sg.finance.yahoo.com/news/10-Most-Indebted-Nations...

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