Agreed we should not fall into complacency instead.
OROP has fucked us bad, pensions will remain 25% of defence budget till 2036 on top of that Covid pushed debt to gdp reduction targets out to 2030 from 2025.
I don’t know man we can see an expansion soon if the babus decide to bite the proverbial bullet on disinvestment and subsidy reduction.
Otherwise we may see some green shoots post 2027 but the kind of budgetary expansion in defence and R&D may not come before 2030 I think
@crazywithmath will have better grasp on this than me though.