$400 million a year would be the cost of Iraq mission for Australia | ||
16/09/2014 | ||
Treasurer Joe Hockey said the full cost of the mission to take on Islamic State extremists would be outlined in the Mid-Year Economic and Fiscal Outlook. He mentioned, "Defense has the capacity to absorb a significant amount of these sorts of costs but after that, it does come out of the rest of the budget." "But ultimately you can't put a price on protecting human beings and that's what we're doing. "This is a humanitarian mission in the first instance." A senior analyst at the Australian Strategic Policy Institute (ASPI), Mark Thomson, estimates the mission's price tag could be about $400 million a year. According to report, the total defense budget is around $29.3 billion, or 1.8 per cent of gross domestic product. The cost of the ongoing Afghanistan deployment, which mostly involves training the Afghan national army, was $350 million. Since 1998, Australia has spent more than $16.5 million on military operations and overseas deployments, with Afghanistan costing $9.3 billion. | ||
Last Update:: 16/09/2014 | ||
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