IISS News & Analysis

Defense Spending Focus at IISS Shangri-La Dialogue Highlights Trends

During the 2026 IISS Shangri-La Dialogue in Singapore from May 29 to 31, discussions centered on increased defense spending across several nations. U.S. Secretary of War Pete Hegseth highlighted a needed investment of at least 3.5% of GDP on defense. Countries like Japan, the Philippines, and the Netherlands plan to raise their defense budgets, influenced by the geopolitical climate, particularly Russia's actions in Ukraine. The event noted the absence of China’s defense minister, affecting potential dialogue, with key leaders emphasizing the importance of collaborative defense capabilities.