Australia to boost military budget by $53 billion

1 hour ago The Front Page News

Defence Minister Richard Marles has warned of a new nuclear arms race, as he unveiled a commitment to lift Australia’s defence spending to 3 per cent of GDP by 2033.

Around $53 billion has been flagged for the next ten years – including increases in spending on the AUKUS submarine pact.

But, it’s far from the spend initially called for by the United States.

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