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Buying defence equipment from overseas would save Australia money, study argues
Australia should save money by buying more defence equipment from overseas, an Australian Strategic Policy Institute paper argues.
Avoiding a significant price premium on whichever types and classes of new weaponry Australia obtains might be among the few options available to Defence to boost its purchasing power. Given the size of the projects involved, even modest percentage reductions in the price of preferring domestic over foreign supply could translate into significant dollar gains.
Although any future supply may be years away, decisions made in the coming months will largely determine the outcome.
Look, let’s be really clear about the stage three tax cuts. They’re already legislated and they don’t actually come into play until 1 July 2024. That’s two years away. So, our focus is on the here and now. We’re bringing people together through the jobs and skills summit. We’re getting on with delivering what we promised in the election.
What my focus through the jobs and skills summit is to look at what is a complex issue of boosting women’s participation. It is about training, it is about removing barriers to entering the workforce and remaining in the workforce.
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