Australia’s Defense Budget Hits 20-year High

[Epoch-Times-Bot]

Australia's Defense Budget Hits 20-year High

In its first budget in nearly a decade, Australia's Labor government has announced it will follow through with the previous government’s pledge to spend $270 billion (US$174billion) in military capability upgrades by 2030.
Under the new budget, defence spending will rise to $48.7 billion this year and eventually reach over two percent of GDP, a level not seen since the late 1990s.
The $270 billion defence spending will include the procurement of nuclear-powered submarines under the AUKUS security treaty, a trilateral security pact between Australia, the UK, and the United States, as well as hypersonic missiles, advanced cyber and artificial intelligence capabilities, ground defence missile systems, and drone air and sea warfare, reported The Daily Telegraph....

Source: Australia's Defense Budget Hits 20-year High

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