The funding boost comes following last year's Defence Strategic Review, which argued Australia needed to modernise its current military structure it said was designed for a "bygone era".
The funding boost comes following last year's Defence Strategic Review, which argued Australia needed to modernise its current military structure it said was designed for a "bygone era".
"Our environment is characterised by the uncertainty and tensions of entrenched and increasing strategic competition between the United States and China; large-scale war has returned to the European continent; and conflict is once again gripping the Middle East...The staggering sums countries spend on defending themselvesThe funding boost will see Australia spend 2.4 per cent of GDP on defence by 2033-34 – about 0.3 per cent higher than previously planned.
While acquiring nuclear-powered submarines under the AUKUS will dominate military spending for the foreseeable future at up to $63 billion over the next ten years, Marles flagged a number of other focuses of the National Defence Strategy. "We have all seen the prevalence of drones in combat, including in Ukraine and the Red Sea," Marles said.
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