It is a measure of the Prime Minister’s commitment to national security that with the economy slowing and the country suffering increased unemployment and the effects of international financial crises, he should so specifically recommit to real growth in the defence budget of 3 per cent a year for the next decade.

Canberra’s defence spending has leapt by about 56 per cent in the past seven years to $25.66 billion, meaning it now spends more than some European Union countries. However, Australia is still dwarfed by the US, which has set aside $US696.30 billion ($832.7 billion) for its armed forces this year.