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The nation must mobilise its private investors for future defence

We urgently need to develop new public-private partnerships that leverage private sector nous and capital for national security purposes.

John Kunkel and Hayley Channer

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At the October budget last year, Treasurer Jim Chalmers flagged the start of a “serious conversation” about how Australia pays for its government in the future. That conversation will intensify in 2023 on multiple fronts.

A key one will be around investment in Australia’s defence capabilities amidst rising geopolitical threats, rapid technological disruption, and pressures for more social spending at home.

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John Kunkel is Senior Economics Adviser at the United States Studies Centre at the University of Sydney, and former chief of staff to Scott Morrison.
Hayley Channer is Director, Economic Security Program, at the United States Studies Centre at the University of Sydney.

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    Original URL: https://www.afr.com/policy/foreign-affairs/the-nation-must-mobilise-its-private-investors-for-future-defence-20230118-p5cdg6