Australia Sticks To Defense Spending Target Of 2% Of GDP

Credit: F-35: SDD
BEIJING—Australia is holding course on its military spending buildup, with the latest fiscal plan reiterating a target of spending 2% of GDP on defense at the beginning of the next decade. The defense budget for the fiscal year beginning in July 2018, announced on May 8, is A$36.4 billion ($27.4...
Bradley Perrett

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

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