Australia has recently announced its largest defence upgrade in decades, in response to growing regional security concerns and increasing strategic competition. The ambitious plan will see the country investing $270 billion over the next ten years to modernize its defence capabilities and strengthen its national security.
The announcement was made by Prime Minister Scott Morrison, who emphasized the need for Australia to be prepared for a more challenging and complex security environment. He noted that the world was becoming more unpredictable and that Australia needed to be able to defend itself against a range of threats, including cyber attacks, terrorism, and geopolitical challenges.