Peter Dean

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Should Australia increase its defence spending? We asked 5 experts

1 month ago | theconversation.com | Justin Bergman |Matt Garrow |Jennifer Parker |Joanne Wallis |Peter Dean |Peter Layton | +1 more

Both Labor and the Coalition are considering an increase to defence spending ahead of the federal election. 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.

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