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The Economic Times

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Australia to raise defence spending to 3% of GDP by 2033

Australia will significantly boost its defense spending to three percent of its gross domestic product by 2033. This move responds to the most challenging global security environment since World War Two. The government plans substantial investment over the next decade to enhance defense capabilities and self-reliance. This strategic shift aims to address rising geopolitical tensions and ensure national security.

15 Apr 2026 6:22 pm