Article 6MSG7 Federal budget ramps up Aukus with $2.6bn earmarked for submarine project in 2024-25

Federal budget ramps up Aukus with $2.6bn earmarked for submarine project in 2024-25

by
Daniel Hurst Foreign affairs and defence correspon
from World news | The Guardian on (#6MSG7)

Defence says approved spending for Australia's acquisition of subs so far totals $13.6bn

The Australian government's funding for its Aukus nuclear-powered submarine project will ramp up sharply, with the federal budget earmarking $2.59bn next financial year.

A Department of Defence report released on Tuesday night also shows the government has so far approved spending of $13.6bn on the project to acquire the submarines, although that figure spans many years.

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