(C) The Conversation
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Should Australia increase its defence spending? We asked 5 experts [1]

['Justin Bergman', 'Matt Garrow', 'Jennifer Parker', 'Joanne Wallis', 'Peter J. Dean', 'Peter Layton', 'Peter Robertson']

Date: 2025-03-23 19:11:06+00:00

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. 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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[1] Url: https://theconversation.com/should-australia-increase-its-defence-spending-we-asked-5-experts-252374

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