Prime Minister Anthony Albanese will finally reveal details of Australia's nuclear submarine acquisition after talks with US President Joe Biden and UK Prime Minister Rishi Sunak in San Diego.
Anthony Albanese heralds 'new dawn for Australia's defence policy' ahead of details on AUKUS and nuclear sub deal
The talks with Australia's AUKUS partners are expected to mark the conclusion of the long-running submarine saga the government has grappled with since the last election. United States Navy Virginia Class submarine USS Mississippi arrives at Fleet Base West in Rockingham, Western Australia, for a routine port visit. Australia is expected to acquire up to five Virginia class boats through the AUKUS pact. Picture: Navy Imagery Unit - West
"We will be building nuclear submarines here in Adelaide and the Commonwealth will be monitoring its commitment in full," he told the ABC. "The way it's going to be described in the budgetary impact is going to be as a percentage of GDP, and that is going to be over 0.1 per cent of GDP throughout the lifetime of this enormous project," he said.
"If we’re committed to AUKUS, then we need to make sure that we finance it properly," he told reporters at Parliament House.
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