diff --git a/mk/tools/hashicorp/terraform.mk b/mk/tools/hashicorp/terraform.mk
index 0e70f55..a982de2 100644
--- a/mk/tools/hashicorp/terraform.mk
+++ b/mk/tools/hashicorp/terraform.mk
@@ -1,5 +1,5 @@
 terraform_NAME					?= terraform
-terraform_RELEASE				?= 0.12.21
+terraform_RELEASE				?= 1.3.1
 terraform_FILENAME			?= $(terraform_NAME)_$(terraform_RELEASE)_linux_amd64.zip
 terraform_DOWNLOAD_URL	?= https://releases.hashicorp.com/terraform/$(terraform_RELEASE)/$(terraform_FILENAME)