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The Guardian - AU
The Guardian - AU
National
Ben Doherty

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

U.S. Navy officers stand guard aboard Virginia-class fast attack submarine USS Minnesota
Australian treasurer Jim Chalmers announced high defence spending in the 2026 federal budget, with funding for Australian Submarine Agency to jump to $512m in next financial year. Photograph: Getty Images

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.

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