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Defence rejig costs budget $19b and rising

Phillip Coorey
Phillip CooreyPolitical editor

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Key Points

  • Why it matters:
  • Defence strategic review warns new threats require a reshaping of military capacity
  • It recommends defence force be more focused on maritime and amphibious missions
  • It recommends purchasing more missiles, fewer vehicles; and bolstering northern bases
  • Defence spending will rise above 2 per cent of GDP over the next decade

More than 30 defence projects will be either scaled back, delayed or scrapped to save $7.8 billion and help fund a $19 billion increase in spending over the next four years to deal with a dramatically changed threat environment for Australia.

The Defence Strategic Review, released on Monday by the Albanese government, however, declines to put a long-term price tag on the recommended overhaul needed to better integrate the army, Navy and Air Force and move the Australian Defence Force structure model away from that of a “bygone era”.

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Phillip Coorey is the political editor based in Canberra. He is a two-time winner of the Paul Lyneham award for press gallery excellence. Connect with Phillip on Facebook and Twitter. Email Phillip at pcoorey@afr.com

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    Original URL: https://www.afr.com/politics/federal/defence-rejig-costs-budget-19b-and-rising-20230424-p5d2qw