Our Analysis

Australia’s 2025 Federal Budget

March 2025

The 2025 Federal Budget has just been released. It totals $785.67b.

The international affairs budget, including defence, development, diplomacy, intelligence, and international policing, makes up $72.05b, or 9% of the budget.

This is a $2.52b increase from last financial year in nominal terms.

Australian foreign affairs leaders regularly emphasise the increasing need to use all tools of ‘statecraft’ in pursuing Australia’s interests. This brief presents these tools together under the umbrella of Australia’s international affairs budget.

By presenting these budgets in one place, readers are better positioned to assess how Australia balances international and domestic priorities—and how resources are distributed across the various arms of international affairs.

William Leben
William Leben
Senior Analyst
Geordie Fung
Geordie Fung
Director of Analysis and Advising
Bridi Rice
Bridi Rice
CEO
Ruby Saulwick
Ruby Saulwick
Research Officer

Australia’s 2025 Federal Budget

Australia’s 2025 Federal BudgetAustralia’s 2025 Federal Budget

Australia’s 2025 Federal Budget

Australia’s 2025 Federal Budget