$368b unremarkable, says Marles

Original article by Phillip Coorey
The Australian Financial Review – Page: 3 : 15-Mar-23

The federal government has disclosed that the deal to acquire nuclear-power submarines will cost $9bn over the next four years and up to $58bn over the next decade. However, this will be offset by savings elsewhere in the defence budget. The nuclear submarines program is slated to cost between $268bn and $368bn over the next 30 years, which Defence Minister Richard Marles has described as an "unremarkable amount" for any major government policy over three decades. In contrast, the National Disability Insurance Scheme is expected to cost some $2trn over the same period.

CORPORATES
AUSTRALIA. DEPT OF DEFENCE

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