Singapore's defence budget is forecast by Janes to grow to around USD16.1 billion in real terms in 2025, up from USD12.1 billion five years earlier. (Janes Defence Budgets)

Singapore has announced a defence budget of SGD20.25 billion (USD15 billion) for 2024. The new expenditure, announced on 16 February, is a 13% increase over the original defence budget for 2023 and a 2.5% increase over the revised allocation of SGD19.76 billion.

The 2024 defence budget includes SGD19.34 billion (95.5% of the total expenditure) for operations, which is a 2.4% increase over the revised allocation in 2023. Nearly all the operations budget in 2024 – SGD19.28 billion – is for the Singapore Armed Forces (SAF).

Official budgetary documents said the operations expenditure will pay for the purchase of military equipment, maintenance of equipment and facilities, and allowances and salaries for SAF personnel.

The remaining 4.5% (SGD905.39 million) of the 2024 defence budget is for development expenditure, an increase of 3.9%. Documents said this increase is mainly attributed to higher construction costs for development works, including projects previously delayed or disrupted by the Covid-19 pandemic.

Singapore's defence budget is forecast by Janes to grow to around USD16.1 billion in real terms in 2025, up from USD12.1 billion five years earlier. (Janes Defence Budgets)

Singapore has announced a defence budget of SGD20.25 billion (USD15 billion) for 2024. The new expenditure, announced on 16 February, is a 13% increase over the original defence budget for 2023 and a 2.5% increase over the revised allocation of SGD19.76 billion.

The 2024 defence budget includes SGD19.34 billion (95.5% of the total expenditure) for operations, which is a 2.4% increase over the revised allocation in 2023. Nearly all the operations budget in 2024 – SGD19.28 billion – is for the Singapore Armed Forces (SAF).

Official budgetary documents said the operations expenditure will pay for the purchase of military equipment, maintenance of equipment and facilities, and allowances and salaries for SAF personnel.

The remaining 4.5% (SGD905.39 million) of the 2024 defence budget is for development expenditure, an increase of 3.9%. Documents said this increase is mainly attributed to higher construction costs for development works, including projects previously delayed or disrupted by the Covid-19 pandemic.

Singapore's defence budget is forecast by Janes to grow to around USD16.1 billion in real terms in 2025, up from USD12.1 billion five years earlier. (Janes Defence Budgets)

Singapore has announced a defence budget of SGD20.25 billion (USD15 billion) for 2024. The new expenditure, announced on 16 February, is a 13% increase over the original defence budget for 2023 and a 2.5% increase over the revised allocation of SGD19.76 billion.

The 2024 defence budget includes SGD19.34 billion (95.5% of the total expenditure) for operations, which is a 2.4% increase over the revised allocation in 2023. Nearly all the operations budget in 2024 – SGD19.28 billion – is for the Singapore Armed Forces (SAF).

Official budgetary documents said the operations expenditure will pay for the purchase of military equipment, maintenance of equipment and facilities, and allowances and salaries for SAF personnel.

The remaining 4.5% (SGD905.39 million) of the 2024 defence budget is for development expenditure, an increase of 3.9%. Documents said this increase is mainly attributed to higher construction costs for development works, including projects previously delayed or disrupted by the Covid-19 pandemic.

Singapore's defence budget is forecast by Janes to grow to around USD16.1 billion in real terms in 2025, up from USD12.1 billion five years earlier. (Janes Defence Budgets)

Singapore has announced a defence budget of SGD20.25 billion (USD15 billion) for 2024. The new expenditure, announced on 16 February, is a 13% increase over the original defence budget for 2023 and a 2.5% increase over the revised allocation of SGD19.76 billion.

The 2024 defence budget includes SGD19.34 billion (95.5% of the total expenditure) for operations, which is a 2.4% increase over the revised allocation in 2023. Nearly all the operations budget in 2024 – SGD19.28 billion – is for the Singapore Armed Forces (SAF).

Official budgetary documents said the operations expenditure will pay for the purchase of military equipment, maintenance of equipment and facilities, and allowances and salaries for SAF personnel.

The remaining 4.5% (SGD905.39 million) of the 2024 defence budget is for development expenditure, an increase of 3.9%. Documents said this increase is mainly attributed to higher construction costs for development works, including projects previously delayed or disrupted by the Covid-19 pandemic.

Singapore's defence budget is forecast by Janes to grow to around USD16.1 billion in real terms in 2025, up from USD12.1 billion five years earlier. (Janes Defence Budgets)

Singapore has announced a defence budget of SGD20.25 billion (USD15 billion) for 2024. The new expenditure, announced on 16 February, is a 13% increase over the original defence budget for 2023 and a 2.5% increase over the revised allocation of SGD19.76 billion.

The 2024 defence budget includes SGD19.34 billion (95.5% of the total expenditure) for operations, which is a 2.4% increase over the revised allocation in 2023. Nearly all the operations budget in 2024 – SGD19.28 billion – is for the Singapore Armed Forces (SAF).

Official budgetary documents said the operations expenditure will pay for the purchase of military equipment, maintenance of equipment and facilities, and allowances and salaries for SAF personnel.

The remaining 4.5% (SGD905.39 million) of the 2024 defence budget is for development expenditure, an increase of 3.9%. Documents said this increase is mainly attributed to higher construction costs for development works, including projects previously delayed or disrupted by the Covid-19 pandemic.

Singapore's defence budget is forecast by Janes to grow to around USD16.1 billion in real terms in 2025, up from USD12.1 billion five years earlier. (Janes Defence Budgets)

Singapore has announced a defence budget of SGD20.25 billion (USD15 billion) for 2024. The new expenditure, announced on 16 February, is a 13% increase over the original defence budget for 2023 and a 2.5% increase over the revised allocation of SGD19.76 billion.

The 2024 defence budget includes SGD19.34 billion (95.5% of the total expenditure) for operations, which is a 2.4% increase over the revised allocation in 2023. Nearly all the operations budget in 2024 – SGD19.28 billion – is for the Singapore Armed Forces (SAF).

Official budgetary documents said the operations expenditure will pay for the purchase of military equipment, maintenance of equipment and facilities, and allowances and salaries for SAF personnel.

The remaining 4.5% (SGD905.39 million) of the 2024 defence budget is for development expenditure, an increase of 3.9%. Documents said this increase is mainly attributed to higher construction costs for development works, including projects previously delayed or disrupted by the Covid-19 pandemic.