L15

Overview

If the Defence budget were reduced by 25%, what should its priorities be?

In 2024–25 Defence (including the Australian Signals Directorate and the Australian Submarine Agency) will be allocated $55.7 billion.

The 2023 Defence strategic review (DSR) recommended far-reaching changes to the Australian Defence Force’s strategic posture and capability in response to what it termed ‘radically different’ strategic circumstances. The DSR explained that intense China-US competition is the defining feature of our region and our time, and Australia now faces the prospect of major conflict directly threatening its national interest.

Key Terms

Defence Budget

The total amount of funding allocated by the Australian Government to the Department of Defence and ASD.

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Defence changes course to implement national defence strategy

After the 2024 National Defence Strategy (NDS) and revised Integrated Investment Program (IIP) the Defence budget was predictable, but not business-as-usual.

Official Department of Defence - Budget

- Portfolio Budget Statements which provide detailed explanations and justifications of the proposed appropriations to Defence in Appropriation Bills (Nos 1 and 2).
- Portfolio Additional Estimates Statements which outline additional funding requirements being sought by Defence and explain the variation between the Budget and Additional Estimates.
- Annual Report which is the Secretary's and Chief of the Defence Force's account to the Minister for Defence of the performance and achievements of the Department for the financial year.