«We have the fourth
highest defence budget of any country in the world.
Not exact matches
New policy decisions announced in the
Budget included personal income tax cuts, increased spending on
defence and domestic security, and reform of
higher education and Medicare.
Was it to counteract declining
defence budgets (1991 the
budgets were much
higher than 2003)?
They need to know that the
defence budget and the
defence estate will be properly managed, that weapons and equipment will be delivered on time and on
budget rather than late and with massive cost over-runs, and that they and their families will not have to pay the cost of incompetence
higher up the line.
Last year it spent 3.6 % of its GDP on
defence, the
highest ratio of any NATO member (and the
highest total military
budget in the world by a hefty margin).
«When we look at the growth in the science and technology
budgets of major developed countries which include national
defence research, we find that Japan appears to show a relatively
high growth,» says the White Paper.
The Australian Future fund is tasked with delivering
high risk - adjusted returns on public funds, such as the Australian Government's
budget surpluses, in order to cover the Government's unfunded superannuation liability arising from entitlements to public servants and
defence personnel.