Coalition to spend $21 billion more than Labor on defence

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The Coalition is pledged to spend $21 billion more on defence than Labor by 2030 if it wins the federal election.

Opposition Leader Peter Dutton will release the Coalition's long-awaited defence policy in Perth on Wednesday, which will see military spending lifted to 2.5 per cent of GDP by 2030, and 3 per cent of GDP within the decade.

These targets align more closely with the expectations of the Trump administration and represent a significant increase compared to Labor’s current defence spending, which sits just above 2 per cent of GDP.

Details of the policy are also expected to include new drones, missiles, and a boost to AUKUS infrastructure in Western Australia.