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5d ago

Coalition Pledges $21 Billion Defence Boost, Targeting 3% GDP in a Decade

The Opposition's election commitment highlights national security concerns, AUKUS obligations, and criticism of Labor's defence spending record.

CANBERRA, AUSTRALIA – NewsWire Photos - February 3, 2025: Andrew Hastie, Shadow Defence Minister during the last post ceremony at the Australian War Memorial in Canberra. NewsWire / Martin Ollman
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The Opposition leader has cited the rise of authoritarianism and conflicts in the Middle East and Ukraine as reasons for his increase in defence spending.

Overview

  • The Coalition has announced a $21 billion increase in defence spending over five years, aiming to raise defence budgets to 2.5% of GDP within five years and 3% in a decade.
  • Labor’s defence spending currently stands at 2% of GDP, with $55.7 billion allocated for 2024-25 and projected to rise to 2.4% by 2027-28.
  • The Coalition accuses Labor of $80 billion in defence cuts and delays, including the cancellation of a fourth F-35A squadron, which it vows to reinstate if elected.
  • Calls from defence experts and international figures, including Elbridge Colby and Donald Trump, have added pressure for Australia to increase spending to address regional security threats and AUKUS commitments.
  • The Coalition's defence platform has become a central issue in the upcoming election, emphasizing national security, sovereign capability, and alliance obligations.