http://www.theaustralian.news.com.au/common/story_page/0,5744,18546243%255E31477,00.html
" Defence minister gets more money
March 21, 2006 DEFENCE Minister Brendan Nelson has cleared the way for decisions to purchase the joint strike fighter and air warfare destroyers worth billions of dollars, after winning approval for a 3 per cent budget increase.
According to The Australian newspaper, the increase - about $600 million a year in defence spending, which is expected to reach $20 billion by 2010 - is expected to be announced in the May Budget. The funding commitment that extends beyond 2010 will help the Defence Department plan its purchases without the threat of having to cancel or defer long-planned major equipment purchases, the newspaper said.
Without a significant funding increase, a range of capital equipment projects expected to be included in the new 2006-2016 defence capability plan would be unaffordable.
The newspaper said according to senior government sources, supplementary budget funding was also likely for some high-tech equipment projects that were experiencing cost increases well beyond the rate of inflation.
Defence plans to spend at least $6 billion on new warships and $12 billion on up to 100 new joint strike fighter aircraft over the next decade."
I'm not getting too excited at the moment. I have no idea if this is a meaningful increase or not. Is it likely to include the C-17 purchase costs?
I notice that the JSF (air 6000) price tag is now quoted as 12 billion. Previously I've seen 16 billion and beyond bandied about. Is the air 6000 budget quietly shrinking?
Plus the commitments to Afghanistan and Iraq probably have to come out of that budget as well.
Just how much of it translates into new hardware remains to be seen. But I've got this cynical feeling slowly coming over me.
rb
" Defence minister gets more money
March 21, 2006 DEFENCE Minister Brendan Nelson has cleared the way for decisions to purchase the joint strike fighter and air warfare destroyers worth billions of dollars, after winning approval for a 3 per cent budget increase.
According to The Australian newspaper, the increase - about $600 million a year in defence spending, which is expected to reach $20 billion by 2010 - is expected to be announced in the May Budget. The funding commitment that extends beyond 2010 will help the Defence Department plan its purchases without the threat of having to cancel or defer long-planned major equipment purchases, the newspaper said.
Without a significant funding increase, a range of capital equipment projects expected to be included in the new 2006-2016 defence capability plan would be unaffordable.
The newspaper said according to senior government sources, supplementary budget funding was also likely for some high-tech equipment projects that were experiencing cost increases well beyond the rate of inflation.
Defence plans to spend at least $6 billion on new warships and $12 billion on up to 100 new joint strike fighter aircraft over the next decade."
I'm not getting too excited at the moment. I have no idea if this is a meaningful increase or not. Is it likely to include the C-17 purchase costs?
I notice that the JSF (air 6000) price tag is now quoted as 12 billion. Previously I've seen 16 billion and beyond bandied about. Is the air 6000 budget quietly shrinking?
Plus the commitments to Afghanistan and Iraq probably have to come out of that budget as well.
Just how much of it translates into new hardware remains to be seen. But I've got this cynical feeling slowly coming over me.
rb