The verdict Mr Dutton is incorrect. When measured as a share of GDP, defence spending under Labor fell to 1.52 per cent, which is the lowest since 1938-39 when it was 1.5 per cent.

NATO leaders have backed a big increase in military spending that US President Donald Trump had demanded, and restated their ...

Meanwhile, NATO is expected to call on its 32 members to increase defence spending to 5% of GDP by 2032—or potentially by 2035—a target Spain has already criticised as “ unreasonable ”.

This year's NATO summit, which kicks off in The Hague on Tuesday, centres on a proposed new security-related spending target of 5% of gross domestic product (GDP) by 2032, to reflect the threat ...

Defence shares boom as wars intensify, company revenues surge Defence companies have doubled in value in a year, and experts say the outlook suggests more growth ahead for investors. Here are 15 ...

Defence spending failed to account for the spiralling cost of Britain’s nuclear deterrent, MPs have said. A report by the public accounts committee into the Ministry of Defence’s spending ...

In recent weeks Rutte, the NATO chief, has floated the idea of a two-tiered defense spending plan: 3.5 percent dedicated to core defense capabilities and another 1.5 percent to be spent on as-yet ...

OTTAWA — The parliamentary budget officer said Thursday he expects the federal government's deficit will balloon this year thanks to ramped-up defence spending — but without a spring budget or more ...

OTTAWA — The parliamentary budget officer said Thursday he expects the federal government's deficit will balloon this year thanks to ramped-up defence spending — but without a spring budget or ...