Budget 2026: Defence spending kept at 3% of GDP amidst a 'more dangerous' world
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Singapore is expected to keep defence spending at around three per cent of its gross domestic product (GDP), but is prepared to spend more if the need arises, said Prime Minister Lawrence Wong.PM Wong, who is also Finance Minister, made the announcement in thBudget 2026: Defence spending kept at 3% of GDP amidst a 'more dangerous' world
Singapore is expected to keep defence spending at around three per cent of its gross domestic product (GDP), but is prepared to spend more if the need arises, said Prime Minister Lawrence Wong.PM Wong, who is also Finance Minister, made the announcement in the Budget 2026 statement on Thursday (Feb 12).Referring to the 61 state-based armed conflicts worldwide in 2024, he noted that the number was the highest recorded since World War II.«The world has never been free of conflict. But in recent years, it has become more dangerous,» said PM Wong, emphasising that the conflicts are not confined to distant regions — as in the case of the Thailand-Cambodia conflict. He also reminded Singaporeans that the Republic's defence and survival are the sole responsibility of Singaporeans.«History has taught us a hard lesson: no one will come to our rescue if Singapore faces a crisis,» PM Wong noted.Evolving threats, changing needsTurning to the digital domain, he noted that Singapore is seeing a sharp rise in attacks by both state-sponsored and non-state actors in cyberspace. Read more
