Australia (Washington Insider Magazine) —Australia has committed to a significant defense spending increase, unveiling its first-ever “National Defence Strategy” and 2024 “Integrated Investment Program” on April 17. The government plans to allocate AU$765 billion (US$491 billion) over the next decade, with an annual defense budget surpassing AU$100 billion by 2033-34, representing 2.4% of GDP.
Strategic Focus on Asia-Pacific
The strategy centers on protecting Australia’s interests, particularly in the Asia-Pacific region, which is seen as critical for securing vital trade routes. Defense Minister Richard Marles emphasized that Australia must prioritize its regional security to counter growing threats, notably from China.
The accompanying investment program provides more detailed insights into future defense capabilities. 38% of funds will go toward maritime assets, 22% for enterprise and infrastructure, and 16% for land forces. A significant portion of the budget will also address undersea warfare, with AU$76 billion earmarked for nuclear-powered submarines and related infrastructure.
Key Investments
The Australian Army will receive AU$44 billion over 10 years to transition into a more mobile and expeditionary force, while AU$33 billion will go to the Air Force for continued development of drones and advanced fighter jets. However, the Air Force’s initial plan for 100 F-35A jets is reduced to 72, with a focus on long-range missiles and retaining the Super Hornets.
The defense budget also allocates AU$18 billion for air and missile defense, although there are no plans to invest in long-range, ground-based systems like the Patriot missile defense.
Space capabilities will be enhanced with a satellite communications network and measures to counter space threats, particularly from China’s growing counter-space capabilities.
Future Challenges
Despite the significant budget increase, some experts warn that much of the funding won’t materialize until the late 2020s, potentially leaving gaps in Australia’s near-term defense readiness. Bec Shrimpton of the Australian Strategic Policy Institute emphasized that the country must accelerate the deployment of promising technologies to mitigate these risks.
The rise in defense spending reflects Australia’s commitment to strengthening its military forces amid heightened tensions in the Asia-Pacific region, with China’s growing influence posing a primary challenge.