Richard Marles

Labor to boost defence spending by $53bn over next decade – but plan still short of Donald Trump’s demands

The increase in defense spending reflects Australia's commitment to enhancing military capability amid global security challenges.

• •Labor to spend an extra $53bn on defense over the next decade
• •New military blueprint includes $14bn increase in next four years
• •Australia's defense spending projected to rise to 2.3-2.4% of GDP by 2033