IN FULL: Treasurer Jim Chalmers on cost and opportunities of AUKUS submarine project | ABC News

Treasurer Jim Chalmers addresses a defence spending increase to 0.15 per cent, while WA Defence Industry Minister Paul Papalia announces an eight billion-dollar upgrade to HMAS Stirling to accommodate the arrival of Australian nuclear-powered submarines. Subscribe: http://ab.co/1svxLVE Read more here: https://ab.co/3JDAq11 Defence minster Richard Marles and Defence Industry minister joined by Vice Admiral Jonathan Mead, Chief Nuclear Powered Submarine Task Force to speak about the AUKUS pact. ABC News provides around the clock coverage of news events as they break in Australia and abroad, including the latest coronavirus pandemic updates. It's news when you want it, from Australia's most trusted news organisation. For more from ABC News, click here: https://ab.co/2kxYCZY Watch more ABC News content ad-free on ABC iview: https://ab.co/2OB7Mk1 Go deeper on our ABC News In-depth channel: https://ab.co/2lNeBn2 Like ABC News on Facebook:   / abcnews.au   Follow ABC News on Instagram:   / abcnews_au   Follow ABC News on Twitter:   / abcnews   Note: In most cases, our captions are auto-generated. #ABCNews #ABCNewsAustralia #breakingnews