2023–2026
2023–2026: AUKUS — cost potentially reaching A$368 billion, strategic dependence and US uncertainty
The Albanese government confirmed implementation of the AUKUS pact and nuclear-powered submarine programme, whose official estimate published in 2023 ranged from A$268 billion to A$368 billion through the mid-2050s. The project attracted criticism over its cost, timetable, strategic autonomy and dependence on US and British industrial capabilities.
- State of the evidence
- Established
- Attribution
- Political responsibility
Sources · 3
- [1]
- [2]ReutersAustralia nuclear submarine plan to cost up to A$368 billion by 2055News agencyVery high reliability
- [3]ReutersAustralia confident all issues raised in US review of submarine project will be resolvedNews agencyVery high reliability
Last verified: 12 September 2026
