7 News
·general
·2 hours ago
Australia to boost defence spending by $53 billion under new strategy
Australia announced a $53 billion increase in defence spending over the next decade in response to global security challenges. Defence Minister Richard Marles stated this represents the largest peacetime increase in the nation's history, with total defence spending projected to reach 3 percent of GDP by 2033. The strategy aims to enhance military capability and self-reliance.
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