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Should Australia increase its defence spending? We asked 5 experts (theconversation.com)

submitted 1 week ago by [email protected] to c/[email protected]

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Defence spending is currently at about 2% of gross domestic product (GDP), or around A$56 billion per year. The Coalition is reportedly eyeing an increase to 2.5% of GDP by 2029.

The Albanese government’s current spending plan is expected to reach 2.33% of GDP by 2034. And in this week’s budget, it is expected to bring forward some of its already announced $50 billion increase in defence spending.

Why do these percentages matter? US President Donald Trump has made it very clear he expects America’s allies to pay more on defence, at least 3% of GDP.

We asked five experts if defence spending should be increased, and if so, by how much. They agreed more money is needed, albeit with caveats.

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[–] [email protected] 8 points 1 week ago

Something that was touched upon in the article but I think worthwhile enough to mention specifically is we should have a greater ability to manufacture essential materials ourselves - this would not be strictly defence spending but is definitely adjacent to it. Things like fuel are an obvious one here but there's plenty of basics we don't make on shore. As an example I'm thinking of the shortage of saline solution that got into the news a while back - that's something very commonly used and literally just salt mixed with water, but we rely on importing it...