New Zealand's total military expenditure is forecast by Janes Defence Budgets to reach the equivalent of about USD5 billion by the end of the decade. The spike in 2019 was caused by a one-off recognition of veterans' entitlements. (Janes Defence Budgets)

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 billion, while the Vote Defence appropriation receives NZD1.36 billion. Both represent year-on-year increases of about 6%.

Vote Defence Force covers salaries, training costs, capital expenditures, and military preparedness, while Vote Defence is allocated for managing procurement and sustainment activity and policy advice.

The capital expenditure for the New Zealand Defence Force (NZDF), which is sourced from Vote Defence Force, is NZD1.61 billion in 2023–24, an increase of 11% over the allocated NZD1.45 billion in 2022–23.

New Zealand's total military expenditure is forecast by Janes Defence Budgets to reach the equivalent of about USD5 billion by the end of the decade. The spike in 2019 was caused by a one-off recognition of veterans' entitlements. (Janes Defence Budgets)

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 billion, while the Vote Defence appropriation receives NZD1.36 billion. Both represent year-on-year increases of about 6%.

Vote Defence Force covers salaries, training costs, capital expenditures, and military preparedness, while Vote Defence is allocated for managing procurement and sustainment activity and policy advice.

The capital expenditure for the New Zealand Defence Force (NZDF), which is sourced from Vote Defence Force, is NZD1.61 billion in 2023–24, an increase of 11% over the allocated NZD1.45 billion in 2022–23.

New Zealand's total military expenditure is forecast by Janes Defence Budgets to reach the equivalent of about USD5 billion by the end of the decade. The spike in 2019 was caused by a one-off recognition of veterans' entitlements. (Janes Defence Budgets)

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 billion, while the Vote Defence appropriation receives NZD1.36 billion. Both represent year-on-year increases of about 6%.

Vote Defence Force covers salaries, training costs, capital expenditures, and military preparedness, while Vote Defence is allocated for managing procurement and sustainment activity and policy advice.

The capital expenditure for the New Zealand Defence Force (NZDF), which is sourced from Vote Defence Force, is NZD1.61 billion in 2023–24, an increase of 11% over the allocated NZD1.45 billion in 2022–23.

New Zealand's total military expenditure is forecast by Janes Defence Budgets to reach the equivalent of about USD5 billion by the end of the decade. The spike in 2019 was caused by a one-off recognition of veterans' entitlements. (Janes Defence Budgets)

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 billion, while the Vote Defence appropriation receives NZD1.36 billion. Both represent year-on-year increases of about 6%.

Vote Defence Force covers salaries, training costs, capital expenditures, and military preparedness, while Vote Defence is allocated for managing procurement and sustainment activity and policy advice.

The capital expenditure for the New Zealand Defence Force (NZDF), which is sourced from Vote Defence Force, is NZD1.61 billion in 2023–24, an increase of 11% over the allocated NZD1.45 billion in 2022–23.

New Zealand's total military expenditure is forecast by Janes Defence Budgets to reach the equivalent of about USD5 billion by the end of the decade. The spike in 2019 was caused by a one-off recognition of veterans' entitlements. (Janes Defence Budgets)

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 billion, while the Vote Defence appropriation receives NZD1.36 billion. Both represent year-on-year increases of about 6%.

Vote Defence Force covers salaries, training costs, capital expenditures, and military preparedness, while Vote Defence is allocated for managing procurement and sustainment activity and policy advice.

The capital expenditure for the New Zealand Defence Force (NZDF), which is sourced from Vote Defence Force, is NZD1.61 billion in 2023–24, an increase of 11% over the allocated NZD1.45 billion in 2022–23.

New Zealand's total military expenditure is forecast by Janes Defence Budgets to reach the equivalent of about USD5 billion by the end of the decade. The spike in 2019 was caused by a one-off recognition of veterans' entitlements. (Janes Defence Budgets)

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 billion, while the Vote Defence appropriation receives NZD1.36 billion. Both represent year-on-year increases of about 6%.

Vote Defence Force covers salaries, training costs, capital expenditures, and military preparedness, while Vote Defence is allocated for managing procurement and sustainment activity and policy advice.

The capital expenditure for the New Zealand Defence Force (NZDF), which is sourced from Vote Defence Force, is NZD1.61 billion in 2023–24, an increase of 11% over the allocated NZD1.45 billion in 2022–23.