Earlier, the Ministry of Defense expected that in the next 10 years, the country’s military budget will grow to about $ 1.37 billion.
The Australian budget spending on defense programs until 2030 will amount to $ 1.86 billion. This was announced on Wednesday, July 1, by Prime Minister Scott Morrison at the presentation of the country’s updated military strategy. Earlier, the Ministry of Defense expected that the country’s military budget would grow in the next 10 years. up to about $ 1.37 billion
Thus, in addition, the Australian government intends to allocate $ 480 million to strengthen defense capabilities, in addition to previously planned expenses.
According to the presented strategy, it is expected that the number of military personnel in the country will increase by 800 by 2030. In addition, Australia plans to purchase anti-ship missiles and an underwater surveillance system, as well as spend money on building cybersecurity capabilities.
Australia’s economy was reportedly hit hard for the first time in 29 years. The country’s GDP for the first three months of the year fell by 0.3%.