PR-Inside.com, 24 Aug 2009
Singapore, with its small population base, has concentrated spending on sophisticated and superior weapons systems. As a consequence, it has one of the largest defence budgets in the Asia Pacific region – over 4% of GDP. It has maintained high levels of spending despite being the first Asian economy to slip into recession, which is expected to worsen over 2009. The principal recent development affecting the future of Singapore’s defence spending is the recent rapid deterioration in economic conditions.
Read More
