Singapore's Defence Minister Ng Eng Hen has outlined a commitment to continue the country's "steady" investment in defence as part of its bid to achieve by 2030 a "highly connected" military force.
In February Singapore announced a 2014 defence budget of SGD12.56 billion (USD9.93 billion), a 3.2% increase over spending in 2013. The allocation amounted to 22% of total annual government expenditure and 3.3% of GDP; someway below the government's sanctioned cap of 6%.
Speaking to Singapore's parliament on 6 March, Ng said the appropriation is in line with the country's long-term approach to defence spending.
Singapore, said Ng, will "continue this approach of steady defence spending that has reaped significant benefits for our defence capabilities … We will avoid sharp spikes unless security risks require increased spending.