Rapid Fire May 29, 2012: Australian Spending, Such as It Is
- The Australian Strategic Policy Institute (ASPI) published its Defence Budget Brief 2012-2013 [PDF] last week. It starts like this:
“The numbers tell the story. Next year the defence budget will fall in real terms by 10.5%, the largest year-on-year reductions since the end of the Korean conflict in 1953. As a result, defence spending as a share of GDP will fall to 1.56%, the smallest figure recorded by Australia since the eve of WWII in 1938.”
- Karl-Heinz Kamp in a NATO Defence College paper [PDF] argues that if members of the alliance are going to go through budget cuts because of overwhelming financial pressure, they should at least proceed in a coordinated fashion to maintain aggregate capabilities.
- The Center for Strategic and International Studies (CSIS) concurs [PDF] on the idea that there must be a method behind defense drawdowns. They project personnel costs in the US to creep up as a percentage of total spending while procurement would take the brunt of the cuts. This is already going on in Europe.