Singapore Budget 2014: Steady defence spending will continue
Published on Mar 6, 2014 12:57 PM
Singapore will continue its approach of keeping defence spending steady, avoiding sharp spikes or drops which would undermine defence capabilities over the medium term.
"Our planning horizons are intentionally long term and we spend prudently and steadily," Defence Minister Ng Eng Hen said in Parliament on Thursday.
The reason for this, he added, is due to Singapore's robust approach in building its capabilities so as to achieve strategic deterrence, and to avoid being caught off-guard by unknown risks.
He unveiled how the Singapore Armed Forces in 2030 will look like, when the Republic buys new Multi-Role Tanker Transport (MRTT) aircraft, upgrades the ageing Bionix armoured vehicles and launches driverless vehicles to help protect Singapore's sovereignty.
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