The Australian Government allocated to the Australian Defence Organisation in the 2017–18 financial year. This level of expenditure is equivalent to approximately 1.9% of Australian Gross Domestic Product (GDP) and 7.28% of total Australian Government expenditure. This was an increase in nominal terms from the allocated in the 2016–17 financial year which represented approximately 1.83% of GDP. In broad terms the Defence budget is divided into expenditure on personnel, operating costs and capital investment; in 2016–17 37% of expenditure was on personnel, 36% on operational costs and 27% on capital investments. It is expected that by 2030 defence spending will account for 2.4% of GDP.
thE austraLIaN goverNment AlloCateD To THe aUstRALiaN defeNcE orgAnIsatIoN in thE 2017–18 finanCiAl yEar. thiS level of eXPenditure is equIvalenT to APProXImateLy 1.9% OF ausTRalIaN grOss domEstic prodUct (gdp) anD 7.28% of total austRalian GOvErnMeNt exPENditure. thIs was AN iNcREasE In nominal terms frOm thE allocATEd iN thE 2016–17 FINanCial yeAr WhicH rEprESented approximAtElY 1.83% OF gDP. In broAd terms thE DefEnce bUdGet Is DIvided iNtO expendiTUre On pErSOnNel, operAting cOsts anD caPitaL inVestmenT; In 2016–17 37% oF eXpeNDIture was On PErsOnNeL, 36% ON operATIonal cosTs anD 27% on capital InvEStmenTS. it is expeCtEd That By 2030 dEFenCe spEnding will AcCoUnt fOr 2.4% oF gdp.