Media release: Global Day of Action on Military Spending – time to recalibrate defence
Global military spending rose to US $1.74 trillion in 2011. The Australian government spends $25 billion a year — or $68 million per day — on defence spending.
This is a travesty when 125,000 Australians are homeless every night and budget cuts are being made to higher education.
Demonstrations were held on April 15 in cities around Australia and in over 100 centres world wide to mark a global day of action on military spending. This coincides with the publication by the Stockholm International Peace Research Institute of world military expenditures for the past year.