Labor has announced funding for Australian Submarine Agency will jump to $512m in next financial year amid concerns the sovereign submarine fleet may never arrive
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The budget for Australia’s contentious Aukus deal has ballooned by more than $430m over four years, with the agency charged with securing the country’s nuclear-powered submarines requiring a massive injection of funding and staffing.
The Australian Submarine Agency’s resourcing for next financial year will jump by a third – from $385m to $512m.
Continue reading...This article was originally published by The Guardian and written by Ben Doherty.
Read original article on The Guardian