Australian Defense Spending Up 3.2% In 2019-20
Credit: F-35: USAF
WASHINGTON, BEIJING—Australia has lifted its defense budget by a nominal 3.2% to A$38.6 billion ($27.3 billion) for the fiscal year beginning in July 2019, keeping spending on track to reach a target of 2% of GDP in the following year. The constant-currency rise will be 2.7% if the nominal figures...
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