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Singapore commits to 'steady' defence investment to 2030

07 March 2014

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.

Steady 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.



(130 of 650 words)
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