New Zealand’s conservative government will cut military spending by 6.6%, according to the defence minister's office, even as the armed forces struggle with ageing equipment, a shortage of manpower and ambitions for a greater regional role. According to previously unreported data, provided to Reuters by the defence minister, proposed defence spending will fall to NZ$4.95 billion ($3.03 billion) for the year that ends in June 2025. This year's defence budget was NZ$5.3 billion.
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