AFAIK Singapore has 170% debt to GDP, and at least two sovereign wealth funds GIC and Temasek, both of which invest in the US, especially into private equity with $300B(?). How come they keep investing it, or at least don't pull the funding to pay off their debt or avoid creating debt in the first place? Is it just not liquid investments, or the debt is cheaper than the investments?
How can Singapore with a high debt to GDP ratio have sovereign wealth funds?
byu/PedoDorf inAskEconomics
Posted by PedoDorf