Greens Defence and Finance Spokesperson, Senator Peter Whish-Wilson, has released analysis from the Parliamentary Library showing that the new Defence spending outlined in yesterday’s White Paper has obliterated future budget surpluses.

Senator Whish-Wilson said, “Scott Morrison’s and Mathias Cormann’s ‘credible path to surplus’ appears to have taken a detour via the South China Sea.

“Even accounting for MYEFO’s heroic assumptions of 5.3% nominal GDP growth, these new Defence expenditures will send the wafer thin projected surplus back into deficits.