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Table of the week: how much is 3%?

Posted By on September 25, 2012 @ 15:15

Just to put into perspective what a 3% real increase in the Defence budget amounts to over a decade, the table below shows how a baseline budget of $25 billion would evolve over ten years under that arrangement. All figures are in billions of this-year dollars.































































  Yr 0 Yr 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Total
Base 25 25 25 25 25 25 25 25 25 25 25 275
+ 3% 25.0 25.8 26.5 27.3 28.1 29 29.9 30.7 31.7 32.6 33.6 320.2
Extra 0.00 0.75 1.52 2.32 3.14 3.98 4.85 5.75 6.67 7.62 8.60 45.19

 

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[1] 3% real increase in the Defence budget: http://tonyabbott.com.au/News/tabid/94/articleType/ArticleView/articleId/8899/Address-to-2012-RSL-National-Conference-Sydney.aspx