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Singapore Budget 2024 – Fortifying Cybersecurity through a New National Cybersecurity Command Centre

Fortifying Cybersecurity through a New National Cybersecurity Command Centre

In the relentless pursuit of national security and peace, Singapore has consistently demonstrated a steadfast commitment to both physical and digital defence fronts. As the strategic allocations for Singapore Budget 2024 are unveiled, the focus remains clear: to continue safeguarding the well-being of citizens against evolving threats.

A Continued Investment in Peace and Security

Over the last two decades, dedication to maintaining a robust defence framework has been evident through sustained investment, allocating approximately 3% to 4% of GDP annually towards the Ministry of Defence (MINDEF) budget. This commitment extends to domestic security efforts, which have seen a significant increase, doubling expenditure to over $8 billion or about 1.3% of GDP over the past decade.

Moving forward, the pledge to enhance the Singapore Armed Forces (SAF) and Home Team remains unwavering. Year after year, investment will continue in their capabilities, ensuring they are well-equipped to protect the nation from potential aggressors and security threats.

Honouring National Servicemen

At the core of the defence and security strategy is the National Service programme, a cornerstone that has stood the test of time. National servicemen have contributed immensely, making sacrifices that ensure the nation’s safety. To show appreciation, a $200 LifeSG credit initiative is being introduced for all past and present national servicemen, including those enlisting this year. This gesture, which will benefit 1.2 million national servicemen and cost $240 million, is a token of the nation’s gratitude for their dedication and the support of their families.

Adapting to the Digital Defence Landscape

Recognizing the shifting paradigms in security threats, Singapore has taken significant strides towards strengthening cyber defence capabilities. The establishment of the Digital and Intelligence Service within the SAF marks a critical step in this direction. Furthermore, the upcoming National Cybersecurity Command Centre in the Punggol Digital District is set to enhance the ability to coordinate cyber defence operations, fostering greater collaboration with industry and academia, and spurring innovation in cybersecurity. This strategic move aims to bolster defences against the increasingly sophisticated cyber threats in today’s digital age.