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ARTICLE · 21 MAY 2014

Defending the nation: a commitment to military capability

Norton Rose Fulbright Australia
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The budget speech has recommitted to the election promise to build "Defence spending to 2% of GDP within a decade".

AustraliaGovernment, Public Sector
Michael Tooma (Formerly With Norton Rose Fulbright Australia)
Michael Tooma (Formerly With Norton Rose Fulbright Australia)
Ben Allen (Formerly With Norton Rose Fulbright Australia)
Ben Allen (Formerly With Norton Rose Fulbright Australia)
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Mr Hockey's budget speech recommitted to the Coalition's election promise to build "Defence spending to two per cent of GDP within a decade". The previously announced $12.4 billion expenditure to buy 58 Joint Strike Fighter jets and related equipment demonstrates the government's commitment to military capability. The budget says that more detail will be provided in the 2015 Defence White Paper and this appears to be a direct response to comments in the National Commission of Audit regarding Defence expenditure.

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