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ARTICLE · 16 MAY 2013

Modest growth promised for Defence funding

Norton Rose Fulbright Australia
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Between the Budget and the White Paper, the Government sidestepped the challenge of matching capabilities and funding.

AustraliaGovernment, Public Sector
Alena Titterton
Alena Titterton
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After last year's drastic spending cuts, there are aspirations for moderate growth (2% of GDP) in Defence spending. Treasurer Wayne Swan's budget speech stated that "this Budget funds the core defence capabilities required to protect Australia's national security interests". Following the Budget, there is still little clarity on how the aspirational 2% target can be achieved.

Key Defence announcements

11 days ahead of the Budget, the Government released the 2013 Defence White Paper (White Paper). Brought forward a year, the new White Paper was intended to provide an updated roadmap for the realignment of Defence's strategic priorities, particularly given the significant cuts to Defence expenditure in the aftermath of the Global Financial Crisis.

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