In a parliamentary reply, Singapore's Ministry of Finance said reports of household liabilities growing faster than household assets have no direct impact on Singapore's overall fiscal position, which is determined by the Government's revenues and expenditures. The reply added that MAS works closely with relevant government agencies to monitor household leverage and encourage prudent borrowing. On whether the Ministry intends to intervene, it referred the member to the reply to Parliamentary Question No. 39 asked by Mr Fadli Fawzi for the sitting on 8 April 2026.
Ministry of Finance (Singapore) 2026-05-06
Singapore Ministry of Finance says rising household liabilities do not directly affect the overall fiscal position
Singapore’s Ministry of Finance stated that reports of household liabilities growing faster than household assets have no direct impact on Singapore’s overall fiscal position, which is driven by government revenues and expenditures. It added that the Monetary Authority of Singapore works with other agencies to monitor household leverage and promote prudent borrowing, and referred queries on possible intervention to an earlier parliamentary reply.