diff --git a/Makefile b/Makefile
index 2eb454b..5ef2e5b 100644
--- a/Makefile
+++ b/Makefile
@@ -16,10 +16,10 @@ DOCKER_IMAGE_OWNER	:= nephosolutions
 DOCKER_IMAGE_NAME	:= terraform
 
 ALPINE_VERSION		:= 3.12
-GCLOUD_SDK_VERSION	:= 302.0.0
+GCLOUD_SDK_VERSION	:= 316.0.0
 GIT_CRYPT_VERSION	:= 0.6.0-r1
 RUBY_VERSION		:= 2.6.6
-TERRAFORM_VERSION	:= 0.12.29
+TERRAFORM_VERSION	:= 0.13.5
 
 CACHE_DIR	:= .cache