New Zealand to nearly double defence spending to 2% of GDP
7/4/2025 12:19
New Zealand said on Monday it would boost defence spending by NZ$9 billion ($5 billion) over the next four years and aim to nearly double spending as a proportion of GDP to 2% in the next 8 years.
New Zealand Prime Minister Christopher Luxon said at the release of the country's Defence Capability Plan that New Zealand's defence spending was too low at a time of rapidly increasing global tensions.
The Defence Capability Plan contains NZ$9 billion of new funding over the next four years aimed at boosting capability. This is a significant boost to defence force spending which in 2024-25 totaled just under NZ$5 billion.
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