Australia defense budget to register CAGR of 5.2% through 2028, forecasts GlobalData

Amidst escalating tensions in the Indo-Pacific region, evolving geopolitical challenges, and growing strategic competition, Australia recognizes the necessity of addressing these factors by building a modern military force. As a result, Australia’s defense budget is projected to register a compound annual growth rate (CAGR) of 5.2%, growing from $39.5 billion in 2024 to $48.3 billion […]

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