The 2025-26 Defence Budget misses a crucial opportunity to prepare the Australian Defence Force (ADF) and defence industrial base for future challenges, the Australian Strategic Policy Institute’s annual Cost of Defence analysis reveals.
The report, ‘The cost of Defence: ASPI Defence budget brief 2025–2026’ by ASPI Senior Fellow and former Deputy Secretary of the Department of Home Affairs Marc Ablong PSM and ASPI staff, was released on 29 May 2025.
