SBS News – Australia
·australia
·2 hours ago
Australia boosts military spending to record 3 percent of GDP by 2033
Australia will increase its military spending to a record 3 percent of GDP by 2033, Defence Minister Richard Marles announced on Thursday. An additional $53 billion will be allocated over the next decade to enhance the Australian Defence Force's capabilities amidst evolving global threats. This strategy marks the largest peacetime increase in Australia's defence spending history.
Summary by Glance · SBS News – Australia
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