News
Former Australian Government spends billions over budget on bungled defence plan
The former Australian government has been accused of “flushing money down the toilet” after it was revealed its defence projects have blown out by billions
Australia’s Deputy Prime Minister and Minister for Defence Richard Marles has taken aim at the former coalition.
He said their defence management was “one of the worst in Australian history” and a “complete mess.”
He continued saying they “flushed money down the toilet” and did not manage the budget effectively.
Bungled defence management
It has been revealed that 28 defence projects are running behind schedule by a cumulative 97 years. Including projects like the offshore patrol vessels and the battlefield command system.
In addition, defence projects are currently at least $6.5 billion dollars over budget, and this hasn’t factored in the controversial nuclear sub deal yet.
It’s no secret that Australia has been ramping up its defence spending in recent years, but the recent figures show the former government was not able to manage this increased expenditure effectively.
To prevent this in future, the current coalition is promising to implement strict trigger warnings on struggling projects.
They have also planned to do an overhaul of the entire defence portfolio.
This comes at a time when the Government is under immense pressure to rebuild the country economically, but faces an uphill battle after the pandemic, and the crunch of inflation.
So the question remains, will this impact Australia’s defence capability at a time when geopolitical tensions are at an all time high?
Australia’s multimillion-dollar campaign to attract Hollywood productions to its shores appears to be paying off.
The allure of Australia lies not only in its picturesque locations but also in its competitive financial incentives.
The government offers generous rebates and tax breaks to international productions, making it an attractive proposition for filmmakers looking to maximise their budgets.
Despite the recent intake of Hollywood productions down under such as ‘The Fall Guy’ and ‘Furiosa: A Mad Max Saga’, Aussie independents are still finding the space to carve their own creative path.
Rob Fantozzi joined the program to discuss the latest in Hollywood, and showcased his own upcoming project – ‘Omerta‘. #featured
-
Shows3 days agoThe Dragon’s Tale
-
News3 days ago
U.S. home prices surge 47%
-
News3 days ago
Does American media have TikTok bias?
-
News2 days ago
Portal between countries shut down after international flashing
-
News4 days ago
European elections loom: the rise of the far-right
-
Leaders3 days ago
What are the benefits of intermittent fasting?
-
News5 days ago
Will the U.S. approve MDMA therapy?
-
Shows4 days ago
Return logistics: retail faces pressure
