Australia Spending Beats Target, Will Keep Rising

Australian F-35As RAAF  Williamtown, Newcastle
Australia’s largest defense program is to buy F-35As, which are based at RAAF Williamtown.
Credit: Sgt. David Gibbs/Commonwealth of Australia
Australia is pushing defense spending far beyond its former target of 2% of GDP, as Canberra focuses on the rising threat from China and ignores the fiscal effects of the COVID-19 pandemic. Spending in the current fiscal year, which ends June 30, is surging 9.1%, with a further rise of 6.6% planned...

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