Australia Lifts Defense Spending 9.1%, Plans More Big Rises
Credit: Sgt. David Gibbs/Commonwealth of Australia
SYDNEY—Undeterred by the budgetary effects of the COVID-19 pandemic, Australia will increase defense spending by a nominal 9.1% in the fiscal year that began in July 2020, with further strong rises planned for the following three years. The 9.1% and 6.6% nominal (current-money) spending rises in...
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