The governmentreleased an analysis showing the Australian Defence Force has 28 major projects running behind schedule,with cumulative delays of 97 years and a total cost blowout of $6.5 billion.
Defence spending is set to hit $80 billion a year by the end of the decade,up from $49 billion currently. Crucially,that figure does not include the cost of nuclear submarines or an expansion in Australian Defence Force personnel.
Marcus Hellyer,a former senior public servant in the Department of Defence,said there were many uncertainties involved,but he expects the cost of the nuclear-powered submarines to reach at least $100 billion in inflation-adjusted figures.
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“There is a lot of pressure on the defence budget,” said Hellyer,now an analyst at the Australian Strategic Policy Institute.
The final figure will depend on factors such as which submarine model the government selects and how much of the construction process takes place in Australia,he said.
Defence Minister Richard Marles has said the model will be announced by March next year.