Just as voting has begun in this year’s federal election, the Coalition has released its long-awaited defence policy platform. The main focus, as expected, is a boost in defence spending to 3% of Australia’s GDP within the next decade.
If elected, Opposition Leader Peter Dutton says a Coalition government will spend A$21 billion over the next five years to bring defence spending to 2.5% of GDP. It would aim to reach 3% five years after that.
This sounds impressive, but as shadow Defence Minister Andrew Hastie notes, this isn’t a huge increase, given it’s over many years.
