Australia Plans A$1 Billion Defence Budget Increase Amid Military Expansion
Australia Plans A$1 Billion Defence Budget Increase Amid Military Expansion

Australia Plans A$1 Billion Defence Budget Increase Amid Military Expansion

News summary

Australia is accelerating A$1 billion in defence spending as part of its federal budget, aiming to enhance military capabilities through guided weapon manufacturing, the establishment of an AUKUS submarine base, and a new frigate program. This move is in response to pressure from U.S. President Donald Trump for allied nations to boost their defence budgets. The overall increase of A$10.6 billion over the next four years is part of a previously announced A$50 billion boost over the next decade, marking the most significant defence spending rise since World War II. The funding will support the rotation of U.S. and British nuclear-powered submarines through HMAS Stirling by 2027 and expedite the introduction of new frigates and artillery systems. Additionally, Australia has received its first High Mobility Artillery Rocket Systems from Lockheed Martin, further enhancing its military capabilities.

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Last Updated
7 days ago
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