Australia will meet its target to increase Defence spending ahead of schedule as it fends off cyber and security threats facing the country. Prime Minister Scott Morrison has long promised to lift the Defence budget to two per cent of gross domestic product in the 2020/21 financial year. Describing his government as one of the biggest defence spenders in the nation's peacetime history, Mr Morrison confirmed Australia would meet the mark.
"Not only are we going to hit that target, we're going to hit it in the next financial year, and we're going to hit it (months) ahead of time," he said on Tuesday.
"By allocating such high levels of investment to our defence, we can meet these threats that Australia is facing."..
...The government will give Defence $270 billion over the next decade - up from the $195 billion promised in 2016....MORE
