Australia announced a budget of $186 billion for defense.
Image Credit: Seth Robson/ Stars and Stripes
Australia will spend $186 billion to ramp up its military forces in the next decade, nearly a 40% increase. The escalating tensions in the Indo-pacific zone is causing some unease in Australia.
Prime Minister Scott Morrisson said in a policy speech at Australia Defence Force Academy, ‘We must face the reality that we have moved into a new and less benign strategic era’.
‘Even as we stare down the COVID-19 pandemic at home, we need to also prepare for a post- COVID world that is poorer, that is more dangerous, and that is more disorderly’, he said.
Australia will also increase investment in defense space capabilities and cybersecurity. The latter is considered to very critical, as it had been targeted in a series of attacks recently, mostly likely to have been carried out by China.