15 Mar '11, 12pm
Budget Recommendation: Slash defence spending by $1B and increase growth dividends by 65%
Of course, it should be noted that there is a limit as to how much defence spending can be slashed. There has to be continual purchase, upgrading and maintenance of equipment, as well as adequate compensation for NSFs, NSMen and military staff. Singapore’s obligations under the various defence treaties signed with our allies must also be upheld, and this constitutes a permanent draw on resources.