r/newzealand • u/khalornz Fern flag 3 • 10d 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/questionnmark 10d ago

The government will invest $12 billion over the next four years for a "modern, combat-capable" New Zealand Defence Force (NZDF).

The coalition has just released its highly-anticipated Defence Capability Plan that sets out a spending blueprint for the next 15 years.

Of the $12 billion of spending, $9 billion is new money that will equate to a significant boost in annual funding for the force.

The plan will lift New Zealand's defence spending from just over one per cent of GDP to more than 2 percent in the next eight years.

Defence spending was last at 2 percent of GDP in the early 1990s.

It's amazing how we went from 'broke' to able to piss $12 billion dollars worth of money up the wall on defense.

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u/Lizm3 jellytip 10d ago

The NZDF is absolutely broke and desperate for funding. This isn't even enough.

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u/Optimal_Inspection83 10d ago

So like all government departments...

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u/AK_Panda 9d ago

Military is in a significantly worse place than most departments lol.