For many years, Australian defence analysts have been calling for increased spending. After years of inaction, where touted increases have barely kept up with inflation and the rising cost of increasingly sophisticated weaponry, this year the Albanese government announced a target of spending 2.4 percent of GDP by 2033-34.
But that’s nowhere near enough for its major ally, the United States. Back in May, Defense Secretary (now Secretary of War) Pete Hegseth said Australia needed to hit 3.5 percent “as soon as possible,” according to a statement from the Pentagon.