Australia's Defence Budget 2014 Analysis and Projections

Jun 25, 2025

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Explore the details of Australia's Defence Budget in 2014, presented by Mark Thomson. The budget stands at $29.3 billion, equivalent to 1.8% of GDP. Thomson forecasts a shift within the decade - envisioning a budget surplus at 1% of GDP and a rise in defence spending to 2% of GDP. He also predicts the full restoration of the private health insurance rebate and a gradual decrease in government expenditure relative to the economy. Delve into the implications and future scenarios outlined in this comprehensive analysis.

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Australia's Defence Budget 2014 Analysis and Projections

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Defence Budget 2014 Mark Thomson
$29.3 billion 1.8% of GDP

“Within a decade, the budget surplus will be 1 per cent of GDP, defence spending will be 2 per cent of GDP, the private health insurance rebate will be fully restored, and each year, government will be a smaller percentage of our economy.”