![Newcastle](/sites/default/files/styles/crop_freeform/public/2020-10/20200828raaf8165233_396_credit_sgt._david_gibbs-commonwealth_of_australia.jpg?itok=GJqYgdkB)
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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Australia Lifts Defense Spending 9.1%, Plans More Big Rises is published in Aerospace Daily & Defense Report, an Aviation Week Intelligence Network (AWIN) Market Briefing and is included with your AWIN membership.
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