Australia to increase defence spending by $53 billion over next decade
Australia has announced a significant increase in its defence budget, with plans to boost spending by $53 billion over the next ten years.The government aims to raise defence expenditure to approximately 3% of GDP by 2033, using NATO's measurement methodology.The announcement was made ahead of the release of the 2026 National Defence Strategy, which outlines the strategic risks facing the country and the funding required to address them.The plan includes a $14 billion increase in defence spending over the next four years.Defence Minister Richard Marles described the current strategic environment as the most complex and threatening since the end of... [Continue Reading]
360LiveNews | 15 Apr 2026 15:03 LONDON
