The allocation amounts to 22% of total annual government expenditure and about 3.3% of GDP. Both figures are in line with the country's long-term approach to defence spending, which is geared towards maintaining the Singapore Armed Forces' (SAF's) relative high degree of military capability.
While expenditure as a percentage of GDP is higher than the global average of around 2%, it remains significantly below the Singapore government's sanctioned cap of 6%. The reduction from 3.4% of GDP in 2013 to 3.3% in 2014 follows a general trend of decline with regards to this particular metric since 2009.(Information : Janes 360)
