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flag Australian government plans to increase defence spending to 2.33% of GDP by 2034 amid security concerns.

flag The Australian government plans to boost defence spending ahead of the May election to enhance national security. flag The spending is projected to grow from 2.02% of GDP to 2.33% by 2034, with an additional $50 billion allocated over the next decade. flag This move follows heightened military focus due to events like Donald Trump's return to office and China's naval maneuvers around Australia. flag Both major parties are considering raising defence spending to 3% of GDP.

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