‘No significant increase’ in defence spending until 2027-28

ASPI Senior Analyst Dr Malcolm Davis says there is “no significant increase” in defence spending until 2027-28. Labor’s defence plans won’t improve Australia’s military capability for at least a decade, according to a report. The Australian Strategic Policy Institute says the country would only have access to its current force if a war were to break out in the next 10 years. “What we’re seeing is, although the government has actually increased defence spending, not really a lot of that increase comes to the fore until the last year of the forward estimates, which is about 2027-28,” Dr Davis told Sky News Australia. “There is no significant increase in defence spending between now and 2027-2028, and then the bulk of the increase comes out in the 2030s.”