Singapore Faces Defense Budget Cutbacks Amid Virus Impact
- Ministry to cut costs “without compromising” operations
- Singapore could see worst economic downturn since independence
This article is for subscribers only.
Singapore will cut back on military spending for the foreseeable future until the trade-dependent nation sees signs the economy is recovering from the impact of the coronavirus pandemic, according to its defense minister.
While the city-state hasn’t compromised on security operations and pertinent acquisitions and is planning to resume overseas training soon, it is facing budgetary pressures, Minister of Defense Ng Eng Hen told reporters last week ahead of the Singapore Armed Forces (SAF) Day celebrations on July 1.