Stop the World ASPI's Justin Bassi on the latest 'Cost of Defence' report
10 snips
May 30, 2025 The latest assessment highlights the urgent need for Australia to rethink its defense spending in light of rising global threats. As traditional benchmarks fade, the call for significant investment intensifies, especially in drone technologies and air defense systems. The discussion also addresses the financial commitments of the AUKUS submarine program and the balance between future capabilities and current needs. Ultimately, it's a critical moment for national security, urging citizens to recognize their role in supporting defense initiatives.
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Defence Spending Target Obsolete
- Australia's 2% of GDP defence spending target was set in 2013 but no longer meets the current strategic threats.
- Current strategic challenges demand more and faster defence investment beyond the initial 2% target.
Urgent Defence Investment Advice
- Invest urgently in cheap, mass-produced capabilities like drones and counter-drones.
- Accelerate deployment of integrated air and missile defence systems and support local industry involvement.
AUKUS Submarine Strategic Shift
- The AUKUS nuclear submarine program is a long-term investment vital to counter rising regional threats.
- Choices reflect evolving threats; cheaper submarines no longer meet Australia’s defence needs.