Richard Marles unveils $50 billion defence spending increase over next decade
8 months, 1 week ago

Richard Marles unveils $50 billion defence spending increase over next decade

ABC  

In short: Defence Minister Richard Marles has announced the government will spend an extra $50 billion on defence over the next decade and will also re-prioritise $72.8 billion in planned spending. Defence Minister Richard Marles has announced the government will spend an extra $50 billion on defence over the next decade and will also re-prioritise $72.8 billion in planned spending. Defence Minister Richard Marles has released Labor's long-awaited National Defence Strategy, which aims to put Australia's total defence spending at 2.4 per cent of GDP within 10 years. A narrower focus on trade lines at sea Mr Marles said the focus of Australia's defence activity should be "unambiguously" on the Asia-Pacific region.

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History of this topic

Labour under growing pressure to firm up defence spending pledge as ministers AGAIN refuse to say whether they'll deliver 2.5% of GDP for Armed Forces within the next five years
1 month, 1 week ago

Labour under growing pressure to firm up defence spending pledge as ministers AGAIN refuse to say whether they'll deliver 2.5% of GDP for Armed Forces within the next five years

Daily Mail  

Labour today came under fresh pressure to firm up their defence spending pledge in the wake of Donald Trump's US election victory. Defence Secretary John Healey said the Government had a 'cast-iron commitment' to spending 2.5 per cent of GDP on defence. Defence Secretary John Healey refused to say whether Labour would reach a target to spend 2.5% of GDP …

Federal government to spend up to $18 billion on northern Australia defence bases in coming decade
7 months, 2 weeks ago

Federal government to spend up to $18 billion on northern Australia defence bases in coming decade

ABC  

In short: The federal government will spend $18 billion on upgrading defence bases across Australia's north in the coming decade, Defence Industry Minister Pat Conroy says. The federal government will spend $18 billion on upgrading defence bases across Australia's north in the coming decade, Defence Industry Minister Pat Conroy says. The federal government will spend between $14 billion and $18 …

Lord Cameron calls on UK to boost defence budget in response to Russian threat
8 months, 2 weeks ago

Lord Cameron calls on UK to boost defence budget in response to Russian threat

The Telegraph  

The UK must boost its defence budget in response to the threat posed by Russia, Lord Cameron has said. The Foreign Secretary said that although Britain had increased its budget in recent times faster than other Nato countries, he recognised “the need for more defence spending”. “But as the PM, the Defence Secretary and the Chancellor have all said, we …

UK must raise military spending or risk ‘grave consequences’, warns defence industry leader
8 months, 4 weeks ago

UK must raise military spending or risk ‘grave consequences’, warns defence industry leader

The Telegraph  

Britain faces “grave consequences” if the Government fails to increase military spending, the new president of the country’s leading defence trade body has warned. But to put these percentages into context, in 1991 – the year the Cold War ended – UK defence spending was at 4.1 per cent of GDP.” Protecting our people comes first Mr Lockwood notes the …

Now military spending could be hit with £3billion cut as last week's Budget shows day-to-day expenditure falling by £2.5billion
9 months, 1 week ago

Now military spending could be hit with £3billion cut as last week's Budget shows day-to-day expenditure falling by £2.5billion

Daily Mail  

The Ministry of Defence is facing a £3billion 'real-terms' cut to spending this year, Treasury figures suggest. An analysis of last week's Budget shows day-to-day expenditure falling by £2.5billion – equal to a 7 per cent squeeze. It comes just days after Defence Secretary Grant Shapps backed the Mail's campaign to increase the ministry's spending to 3 per cent of …

Budget 2023: Jeremy Hunt reveals £11bn for defence spending
1 year, 9 months ago

Budget 2023: Jeremy Hunt reveals £11bn for defence spending

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Jeremy Hunt said Rishi Sunak’s government would add £11bn to Britain’s …

Sunak rejects calls for defence spending to increase to 3% of GDP
1 year, 9 months ago

Sunak rejects calls for defence spending to increase to 3% of GDP

The Independent  

Rishi Sunak has rejected pleas to increase defence spending to 3% of the size of the economy despite acknowledging the growing challenges posed by China and Russia. The Prime Minister said an updated foreign and security policy would show the UK is “ready to stand our ground” and “ensure we are never vulnerable to the actions of a hostile power”. …

Britain’s defence spending to double to £100bn next year, says Ben Wallace
2 years, 2 months ago

Britain’s defence spending to double to £100bn next year, says Ben Wallace

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors }} Britain’s defence spending …

Defence Budget 2021: Myths and Realities of the defence budget infrastructure
3 years, 10 months ago

Defence Budget 2021: Myths and Realities of the defence budget infrastructure

The Quint  

“Immense expense is mainly in defence” has a pleasing rhyme but does not reflect reality. The reality is that the total allocation for defence in the Union Budget 2021-22 is Rs 4.78 lakh crore including defence pensions, which is a marginal hike compared to Rs 4.71 lakh crore last year, a paltry increase of 1.48 percent as compared to 1.82 …

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