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ROI Grade
D — Below Average
I tracked $55.0B/yr in spending by Department of Defence. Significant performance gaps despite the budget. Grade: D.
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$55B department. ANAO Major Projects Report documents chronic schedule and cost overruns across the portfolio. $5.5B in project cost increases in 2023–24 alone.
Annual Budget
$55.0B
Prior year: $50.0B (+10%)
Headcount
90,000 staff
$611K per employee
Budget Trend
↑ Budget Growing
Performance Targets vs Actuals
Target
90% of major capability projects on schedule
Actual
67% of major capability projects on schedule (ANAO Major Projects Report 2024)
Source: ANAO Major Projects Report 2023–24. Defence budget growing to meet 2% GDP commitment.