Security spending set to go up amid heightened terror threat: Heng Swee Keat
He says more details, including how Singapore will pay for the increased expenditure, will be unveiled on Feb 19
Singapore
SECURITY spending is set to increase at this year's Budget, said Finance Minister Heng Swee Keat at a visit to the Home Team Tactical Centre on Friday.
Keeping the nation safe and secure "will be a very major item" in the upcoming Budget as it is "a very important area to invest in", he said. "I do expect our security expenditure to go up because we want to be able to support our security agencies in this very important mission to keep Singapore safe and secure."
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Vietnam tycoon appeals against US$27 billion fraud death sentence
US announces new restrictions on firearm exports
Central banks will probably only cut half as much as they hiked
US consumer sentiment falls as inflation expectations climb
HSBC wins £1.3 billion suit over Disney film finance scandal
WTO countries to reboot dispute reform negotiations