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With the announcement of the revised price tag for the AUKUS deal sitting between A$268 and A$368 billion, United States Studies Centre Director of Economic Security Hayley Channer points out that it is “the largest defence procurement in Australia’s history.” The cost is expected to be 0.15 per cent of Australian GDP according to the government's estimates, but the actual increase in total defence spending will be unclear until the public release of the Defence Strategic Review next month.
