TY - Report AU - Mark Thomson PY - 2012 T1 - Crying poor? The affordability of defence expenditure PB - Australian Strategic Policy Institute DO - https://doi.org/APO-30267 UR - https://apo.org.au/node/30267 AB - The May budget saw deep cuts made to Australia's defence budget over the next few years. It will be up to next year's Defence White Paper to decide what happens after that. It has been argued that the long-term cost of health and ageing will place further pressures on government finances and constrain defence spending in the decades ahead. But while social spending will undoubtedly rise, so too will Australia's prosperity and capacity to pay. ER -