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

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.

May 12, 2026 Australian budget 2026 Aukus Australian politics

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Australian budget 2026 May 12, 2026 Aukus costs balloon with more cash and staff for submarine agency amid ongoing search for nuclear waste dump Labor has announced funding for Australian Submarine Agency will jump to $512m in next financial year amid concerns the sovereign submarine fleet may never arriveFederal budget 2026 LIVE updates: Australia government...

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

Labor has announced funding for Australian Submarine Agency will jump to $512m in next financial year amid concerns the sovereign submarine fleet may never arriveFederal budget 2026 LIVE updates: Australia government...

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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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