Key Points
- The Coalition is promising to increase the spending to 2.5 per cent of GDP within five years, which it says will cost $21 billion, before reaching the 3 per cent target in a decade's time.
- That would equate to more than $134 billion annually.
- Defence spending is currently 2 per cent of GDP, with Labor planning to grow it to 2.2 per cent within five years, and 2.35 per cent in just under a decade.
LISTEN TO THE PODCAST
Coalition pledges increase in defence spending to 3% GDP if elected
SBS Filipino
08:42
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