And in the absence of any specific rationale for particular defence expenditure projects, such as a current or imminent war, a variety of economic benefits have been cited as reasons for approving those projects.ĭecision-making with respect to military expenditure should begin with a single central objective, that of national self-defence against invasion, with other possible uses of military force being regarded as peripheral. Because defence is an essential function of any national government, military spending has rarely - if ever - been subject to benefit-cost analysis. Economics, Politics and Public Policy in East Asia and the PacificĪustralia’s purchase of nuclear submarines under the AUKUS agreement has been framed in terms of the jobs that would be created in submarine construction, rather than the security benefits that would flow to Australia from their deployment some decades hence.
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