New Zealand Plans $9 Billion Defense Spending Increase to 2% of GDP by 2032
New Zealand Plans $9 Billion Defense Spending Increase to 2% of GDP by 2032

New Zealand Plans $9 Billion Defense Spending Increase to 2% of GDP by 2032

News summary

New Zealand's government has unveiled a new Defence Capability Plan, committing to increase defense spending to 2% of GDP over the next eight years, with a total of $12 billion allocated over the next four years, including $9 billion in new spending. Prime Minister Christopher Luxon emphasized the need for enhanced military capabilities amid rising global tensions, particularly concerning China, stating that current defense spending is insufficient. The plan focuses on immediate investments, such as replacing the Royal New Zealand Navy's helicopters, upgrading the Airforce's fleet, and acquiring new technologies like drones and unmanned vessels. Defence Minister Judith Collins noted that this initiative aims to rebuild the New Zealand Defence Force after decades of cuts and underfunding. Additionally, the plan includes provisions for a workforce strategy, but it does not allocate new funds for personnel salaries. The commitment aims to strengthen New Zealand's deterrence capabilities and align military resources more closely with allies in the Indo-Pacific region.

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Last Updated
11 days ago
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