Australia to increase defence spending

Canberra, Feb 24 (IANS) Australia will raise defence spending to two percent of its gross domestic product (GDP) over the next seven years in a formal announcement to be made by Prime Minister Malcolm Turnbull later this week.

Talking to media persons on Wednesday, Turnbull said the investment, to be revealed as part of the long-anticipated Defence White Paper, would serve Australia for “decades” to come, Xinhua news agency reported.

“The paper sets out the plan for Australia’s defence, security and investment. It’s focused on securing our nation decades into the future,” Turnbull said.

“It is a thoroughly, carefully, fully costed document and in that sense it is very different to the last paper.”

In the paper, the government intends to lift defence spending to 2 percent of the nation’s GDP by 2023 – a plan initially laid out by former prime minister Tony Abbott.

According to experts, that would result in almost one trillion dollars ($710 billion) being put into defence over the next 10 years.

Turnbull said the cost of the Defence White Paper was justified as it would set a higher standard for Australia’s armed forces.

“It will set out how we will give our Defence forces the resources they need, the capabilities they need, to keep us safe and to ensure that we play our part in delivering and ensuring regional security,” Turnbull said.

The Defence White Paper was last updated by former Prime Minister Julia Gillard in 2013.

Leave a Reply

Please enter your comment!

The opinions, views, and thoughts expressed by the readers and those providing comments are theirs alone and do not reflect the opinions of www.mangalorean.com or any employee thereof. www.mangalorean.com is not responsible for the accuracy of any of the information supplied by the readers. Responsibility for the content of comments belongs to the commenter alone.  

We request the readers to refrain from posting defamatory, inflammatory comments and not indulge in personal attacks. However, it is obligatory on the part of www.mangalorean.com to provide the IP address and other details of senders of such comments to the concerned authorities upon their request.

Hence we request all our readers to help us to delete comments that do not follow these guidelines by informing us at  info@mangalorean.com. Lets work together to keep the comments clean and worthful, thereby make a difference in the community.

Please enter your name here