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Aukus costs balloon with more cash and staff for submarine agency amid ongoing search for nuclear waste dump
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Aukus costs balloon with more cash and staff for submarine agency amid ongoing search for nuclear waste dump

The Guardian · May 12, 2026, 11:03 AM

Why this matters: a developing story that could shape the day's news cycle.

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 Federal budget 2026 LIVE updates: Australia government budget announcement and speech – latest news Explore all of our 2026 Australia federal budget coverage Get our breaking news email, free app or daily news podcast. 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...

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