ArneHD
Just a little bit mad
I owe the government WHAT???? BASTARDS!!!
They told us we are generating revenue when we are borrowing?
Am I missing something? (Sucks at economics)
Public debt is (according to wikipedia) ANY debt owed by the government to anyone, including to people within the nation. So if the Singaporean government borrows from a Singaporean bank, that becomes part of the public debt.
Edit: For reference here is a list of nations by external debt (note that this one counts both that owed by private citizens and the government). And here by public debt.