The Fin Election 2025: Why Albo has a spring in his step and Dutton's big bet on defence
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Apr 22, 2025 Tom McIlroy, Canberra Bureau Chief at The Australian Financial Review, delves into the dynamics of the upcoming election. He discusses the coalition's bold defense spending plans while addressing the nation's security concerns. McIlroy highlights Labor's rising confidence and the coalition's struggles amid critical polling. He also touches on the effects of American political trends on Australia and the erosion of trust in institutions, providing a thought-provoking look at how these factors shape the political landscape as election day approaches.
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Gradual Defence Budget Increase
- Increasing Australia's defence budget to 2.5% of GDP is a long-term plan, spread over 5-6 years to manage costs and priorities.
- This gradual increase supports expensive projects like AUKUS nuclear submarines without immediate strain on yearly budgets.
Defence Spending's Voter Impact
- Defence spending announcements do not strongly sway voters compared to issues like tax cuts or Medicare.
- National security is a Coalition strength but isn't resonating amid voters focused on cost of living and economic concerns.
Sharper Regional Security Concerns
- Russia's potential airbase in Indonesia highlights closer security threats to Australia, emphasizing the need for increased self-defence.
- Coalition defence announcements tie strategically to Anzac Day but may face budget constraints due to cost-of-living measures.