Original article by Phillip Coorey
The Australian Financial Review – Page: 5 : 16-Sep-25
Australia’s spending on defence is slated to rise to 2.33 per cent of GDP by 2033, compared with just over two per cent at present. Prime Minister Anthony Albanese contends that defence spending should be measured as a total dollar amount, arguing that people are "too fixated" on the GDP figure. The federal government continues to face pressure from the Trump administration to increase defence spending to 3.5 per cent of GDP; however, Albanese contends that the US should take into account factors such as the in-kind military support it receives from Australia and the security partnerships that the nation has struck in the Asia-Pacific region.
CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET