Australia Budgets 5.6% Higher Defense Spending For 2017-18

Credit: Hornet: USMC
SHANGHAI—Australia will increase military spending by 5.6% for the coming fiscal year as it targets a defense budget of 2% of gross domestic product within four years. Adjusting for inflation, defense spending for the fiscal year ending June 2018 will rise 3.5%, the government says in releasing its...
Bradley Perrett

Bradley Perrett covered China, Japan, South Korea and Australia. He is a Mandarin-speaking Australian.

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