In September 2021, the Australian government signed an AUKUS pact with the UK and US as a strategic partnership to ensure security and peace in the Indo-Pacific region and to counter Chinese interference.
Anthony Albanese left for the US just after ending his India trip to join President Joe Biden and British Prime Minister Rishi Sunak in San Diego to discuss the AUKUS pact.
Australia is all set to buy two different classes of submarines from its AUKUS partners in three-phase to include nuclear submarines into its marine warfare technology to counter China’s interference in the Indo-Pacific region.
The US benefits from the pact by empowering Indo-Pacific countries with military supplies. The cost of the acquisition of nuclear submarines is expected to be a whooping sum. However, there is no official confirmation of the cost incurred in the acquisition of submarines. Some reports suggest it might cost $150bn over the next 30 years.
When Mr. Albanese was asked about the heavy expenditure on the pact, he replied that not only the defense but various other departments are in financial distress, and as a result, the ERC’s team is constantly reviewing the financial crisis. The Prime Minister has repeatedly rejected criticism the program would undermine Australian sovereignty.
- Published By Team Australia News