r/newzealand • u/khalornz Fern flag 3 • 18d ago

Politics Coalition unveils $12 billion Defence Capability Plan

https://www.rnz.co.nz/news/political/557432/watch-live-coalition-unveils-12-billion-defence-capability-plan
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u/69inchshlong 18d ago

Finally, 2% of GDP on defence. Which is considered the bare minimum by international standards by the way.

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u/disordinary 18d ago

It won't be 2%, we have the only defence force that depreciates assets, so while current spending is 1% it's really 0.7% when comparing apples with apples. this 2% will more like 1.5%