Thursday, 8 October 2020
Questions without Notice
I thank Senator McLachlan for his question and also for his very strong support for the South Australian defence industry and more generally.
Protecting our nation's security and sovereignty is essential to Australia's economic stability and also its prosperity. The 2020-21 Morrison government's defence budget is all about a safer and stronger Australia now and into the future. This government remains firmly committed to keeping Australians safe while protecting our nation's interests and also assisting our economy during the COVID-19 pandemic. This budget sees sustained and very strong investment in Australia's defence, with a 10-year funding model of $575 billion over the next decade. This delivers on the Morrison government's commitment to grow the defence budget to two per cent of GDP in the 2020-21 financial year. This achieves a commitment we made in 2013.
Our focus in the budget and in our strategic update is on regional security, on maintaining our capability edge while creating Australian jobs. It also focuses on boosting cyber-resilience and supporting Australia's sovereign defence industries. This budget locks in $270 billion of investment over the next 10 years to continue to develop the capabilities of the Australian Defence Force. There is also a $1 billion investment that provides new and unprecedented opportunities for Australia's defence industry, which has been impacted by COVID-19. This will sustain over 4,000 Australian jobs. Also, Defence is committed to supporting Australians right here at home during emergencies of national significance. That's why the Morrison government is strengthening the ADF's ability to respond to natural disasters, to domestic emergencies and to pandemics both here in Australia and overseas.