Australia announces 'massive' increase in military spending

February 25, 2016 13:41

Australia today announced an ambitious plan to boost the country's defence capabilities by pledging to spend USD 139 billion over the next decade in what Prime Minister Malcolm Turnbull called "high stakes" and

"momentous times" in Asia.

The announcement came with the launch of 2016 Defence whitepaper that includes bolstering the country's naval strength by doubling the size of its submarine fleet to 24, as well as commissioning three additional air warfare destroyers, nine anti-submarine frigates and 12 patrol boats.

The ambitious plan also includes adding some 2,500 new military jobs to expand the total defence force to 62,400 personnel.

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