If only they read CondoSingapore forum.

[Arcachon]

In its post, the Finance Ministry said that in the debate in Parliament on the Budget in February, Deputy Prime Minister Tharman Shanmugaratnam said the increased spending planned for the rest of this decade is sufficiently provided for by measures that the Government had already taken.

http://www.straitstimes.com/politics/no-basis-to-claims-of-gst-hike-mof#xtor=CS1-10

[Arcachon]

https://secure.fundsupermart.com/main/bond/article/Bond-Investing-Looking-For-Government-Backed-Bonds-22-May-2015--10419

[Arcachon]

The Housing and Development Board ("HDB") has issued S$900 million, 10-year Fixed Rate Notes (the “Notes”) under its S$32 billion Multicurrency Medium Term Note ("MTN") Programme

http://www.hdb.gov.sg/fi10/fi10296p.nsf/PressReleases/EA1743497A12CAAF48257D1F0022CF13?OpenDocument

[Arcachon]

Prior to 1998, Singapore’s bond market was small and relatively undeveloped because the
government ran budget surpluses and had no need to raise funds in the capital markets. Singapore
Government Securities (SGSs) were issued mainly to meet banks’ statutory liquidity requirements.
Indeed, most SGSs were held by banks and insurance companies, and not actively traded.
The absence of a deep local bond market meant that private borrowers relied mainly on bank
borrowings and equity to meet their funding needs. The Asian financial crisis of 1997-98 demonstrated
the need for a broader range of funding sources, which led the Singapore government to embark on a
major programme to develop a local bond market. This paper provides the history of this
developmental effort, and discusses the issues and challenges facing the Singapore bond market
going forward.

http://www.bis.org/publ/bppdf/bispap26s.pdf

https://scontent-cdg2-1.xx.fbcdn.net/hphotos-xpt1/v/t1.0-9/11817183_10205711622482742_1216193293465840174_n.jpg?oh=eb649e60887782fcc54f0697e98a24d7&oe=5642C02D

http://www.tradingeconomics.com/singapore/money-supply-m3