The first national defence strategy will see a $50 billion boost to the sector over the next 10 years.
Defence will be given an extra $50 billion over the next decade as part of a shake-up of the Australian military. Launching the first national defence strategy in a major speech on Wednesday, Defence Minister Richard Marles unveiled a boost to spending in the sector, citing the most challenging strategic environment since World War II. The increase in spending will see an additional $5.7 billion over the next four years, and will take defence funding to 2.4 per cent of GDP by 2033/34.
" The strategy has also called for a widening of the eligibility for the defence force to bolster recruitment. It also recommended the potential recruitment of non-Australian citizens, as well as encouraging defence personnel to serve longer through retention initiatives. The government released a defence strategic review in April last year, which found the Australian Defence Force was no longer fit for purpose.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Cost of living Australia: Tax Office ramps up pressure over $50 billion in unpaid debtsIncreasing numbers of Australian small businesses operators are falling behind on tax and superannuation obligations, Tax Commissioner Rob Heferen warned.
Read more »
Best lightweight travel backpack: Bellroy Lite Daypack is $50 off during Amazon’s Big Smile Sale7NEWS brings you the latest local news from Australia and around the world. Stay up to date with all of the breaking sport, politics, entertainment, finance, weather and business headlines. Today's news, live updates & all the latest breaking stories from 7NEWS.
Read more »
Best blowdrying brush for long hair: BondiBoost Blowout Brush Pro discounted to less than $507NEWS brings you the latest local news from Australia and around the world. Stay up to date with all of the breaking sport, politics, entertainment, finance, weather and business headlines. Today's news, live updates & all the latest breaking stories from 7NEWS.
Read more »
Richard Marles unveils $50 billion defence spending increase over next decadeAustralia's projected defence spending will increase by another $50 billion over the next decade, the defence minister has revealed in releasing Labor's long-awaited National Defence Strategy.
Read more »
Queensland Government Announces $50 Million Investment in Domestic and Family Violence InitiativesThe Queensland government has announced more than $50 million to be invested in domestic and family violence initiatives, including primary prevention, DFV training and a new peak body for the sector.
Read more »
Queensland Man Wins $50 Million Jackpot and Reacts with LaughterA Queensland man was suspicious before breaking into fits of laughter when he was told he’d won Oz Lotto’s $50 million jackpot. The Lott’s Matt Hart shares the winner's reaction and describes him as a middle-aged family man from the Sunshine Coast.
Read more »