The Budget maintains the Government’s commitment to grow the Defence budget to two per cent of GDP by 2020–21.
"The Defence Capability Plan 2019 improves the New Zealand Defence Force's capacity to respond to events in New Zealand, the South Pacific, and further afield," the report said.
New Zealand Defence Force is in the External Sector. New Zealand has announced a major increase in its defence budget for fiscal year 2019-20 to support military recapitalisation efforts. External Sector. After the 1986 anti-nuclear legislation that refused access of nuclear-powered or armed vessels to ports, the USA withdrew its obligations to New Zealand under ANZUS, and ANZUS exercises are now bilateral between Australia and the United States. New Zealand 'wellbeing' budget promises billions to care for ... the economy is expected to grow at about 2.5 % in 2019 and 2.9% in ... the defence force and trees,” he said. The expenditure, announced by the government on 30 May, provides NZD5.06 billion (USD3.29 billion) to defence, which represents a 23% increase over the budgeted 2018-19 defence allocation of NZD4.11 billion.
ISBN: 978-0-478-27899-6 (Online) ISBN: 978-0-478-27898-9 (Print)
Annex - Budget Initiatives.
The Wellbeing Budget contains few perks for the New Zealand Defence Force, with an already-announced plan to upgrade the aging Orion fleet the only big spending. Budget Economic and Fiscal Update.
Budget 2020 new initiatives are grouped by Vote in an annex to The Wellbeing Budget 2020: Rebuilding Together. New Zealand is a signatory of the ANZUS treaty, a defence pact between New Zealand, Australia and the United States dating from 1951. Other Departments in this Sector: The Treasury's economic forecasts and the forecast financial statements of the government.
The 2019–20 Budget sees continued strong investment in Australia’s national security, with a particular focus on enhancing our regional security, building defence capability and supporting Australia’s sovereign defence industry.
The Defence Capability Plan 2019 sets out the planned investments in the New Zealand Defence Force out to 2030, while further identifying potential investments to be made after 2030. click photo to enlarge.
Minister Responsible for the New Zealand Defence Force at 14 May 2020: Minister of Defence – Hon Ron Mark www.nzdf.mil.nz.
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