The proposal would increase Defence portfolio funding to 2.5% of Gross Domestic Product (GDP) over 5 years, and 3% of GDP within a decade.

The additional funding would include resourcing for the following projects:

• a fourth F-35A Lightning Squadron
• an AUKUS National Chair
• a Defence Capability and Acquisition Commission
• a National Security Strategy.

The proposal would start on 1 July 2025.