Linda Reynolds (WA, Liberal Party, Minister for Defence) Share this | Hansard source

This government has committed $270 billion in Defence capability over the next decade. This will transform Army, Air Force and Navy. It develops two new military capability domains: space, and information and cyber. This locks in the long-term funding commitment that we made in the 2016 white paper. This unequivocally maintains long-term certainty for Defence spending. Both Defence and Australian Defence Industry rely on this funding stability, especially during this particularly challenging time for our economy. This financial year, as promised, we will meet two per cent of GDP. We have also decoupled Defence funding from GDP. On this side of the chamber, we have delivered the right Defence strategy for our nation and we have ensured it is funded.