Singapore's defence budget to stay in range of 3% of GDP over next decade: Ng Eng Hen
01:52 Min
Singapore's defence spending is expected to come in at around S$20.2 billion in the coming financial year -- a 2.5% increase from the year before. Defence Minister Ng Eng Hen said the expenditure as a percentage of the country's gross domestic product has dropped to about 3% and should stay in this range over the next decade, barring conflicts and wars.
28 Feb 2024 11:19pm
Singapore's defence spending is expected to come in at around S$20.2 billion in the coming financial year -- a 2.5% increase from the year before. Defence Minister Ng Eng Hen said the expenditure as a percentage of the country's gross domestic product has dropped to about 3% and should stay in this range over the next decade, barring conflicts and wars.
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