Defence spending: how much and on what

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By Mick Ryan*

Australian defence analysts have been calling for increased defence spending for some time. China’s increasingly aggressive behaviour, AUKUS funding pressures, and the growing cost of a smaller fleet of high-tech, high-cost equipment has added to the impetus for a defence budget that reaches well beyond the government’s aspirations to grow spending to 2.4% of GDP by 2033-34. (From: The Interpreter. The Lowy Institute.)

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