New Zealand will double its defence budget to 2 per cent of GDP within the next 10 years, prime minister Christopher Luxon announced on Monday, a sharp reversal of direction from last year’s cuts to military spending.
The defence budget will be increased by NZ$9bn (£3.9bn) over the next four years as part of the government’s new Defence Capability Plan, which outlines major investments to strengthen military readiness at a time of growing global instability.
