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 |