While there is a small decrease from the actual amount of military spending over the past year, it illustrates that the government remains stuck in the same old thinking about ‘security’.
New Zealand announced on 18 May a 2023–24 defence budget of NZD6.52 billion (USD4.07 billion), a nominal 6% increase over the allocation of NZD6.15 billion in 2022–23. In the new budget, the ‘Vote Defence Force' allocation receives NZD5.15 b.
Despite the rapidly escalating climate emergency and desperate need for increased funding for failing social services, a record $6,632,445,000 military spending has been allocated in the 2023 ‘Support for Today, Building for Tomorrow’ Wellbeing .
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New Zealand has announced a defence budget of NZD6 billion (USD3.8 billion) for 2022–23. The figure represents a nominal increase of 4% over the final budget of NZD5.75 billion in 2021–22. New Zealand is forecast by Janes Defence Budgets to .