Billion-dollar correction in Future Submarine budget blamed on 'typo'

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A figure described inaccurately is being blamed for an apparent dramatic cost increase on Australia's most expensive defence project in history, the $50 billion Future Submarine program.

Former Defence Department official Marcus Hellyer, now with the Australian Strategic Policy Institute, says despite the clarification it appears the submarine program could soon prove to be more expensive than originally anticipated.

"Defence will spend around $750 million on the program this year and that's likely to go well beyond $1 billion a year even before construction starts in 2022-23.The Defence Department said that as at 30 June 2019, expenditure on Future Submarine Design and Construction was $834.6 million, which"included the cost of design work, the science and technology program, and operational costs".

Opposition assistant defence spokesman Pat Conroy has questioned the government's handling of the program.

 

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politicsabc Buying submarines in today's environment is like paying for a Maginot Line.

Desperate Australians below poverty line: 'Please raise New Start.' Gov: 'We can't afford this. Suck it up.' Military: 'We made a typo in the submarine budget. Will need extra billions.' Gov: 'No problem, how many billions do you need?' LandOfTheScrewed

The stupidity of Government in Australia never fails to astound me. All the REAL steps forward in energy storage, NOT incorporated into this design. The purchase of not yet designed technology, when we could have had Collins Mk II submarines, KNOWING they are the most silent.

Can this country get anything right, this project is spiralling into a financial disaster. The whole thing reeks of a ongoing money pit for years to come. Time to put all the cards on the table, including the packet they came in.

🤪😝🤣. Could be the Blue print for the airport in Berlin. BER Never be finished but every month more 💰💰💰 to be put in

Iditos!

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