26 May 2017

News Story: New Zealand sees 691 mln-USD new funding boost for defense - budget

WELLINGTON, May 25 (Xinhua) -- New Zealand unveiled its Budget 2017 on Thursday, which showed that its defense force will receive a total of 982 million-NZ dollars (691 million U.S. dollars) new funding as part of the budget.

The New Zealand Defense Force (NZDF) will receive a 406 million-NZ dollar (285 million U.S. dollars) boost in operating funding over four years, and 576 million NZ dollars (405 million U.S. dollars) in capital as part of Budget 2017, said Defense Minister Mark Mitchell in a release.

"It is vital that the NZDF has what it needs to meet the country's security and defence interests. This major increase in funding for the armed services will support a range of NZDF capabilities as identified through the Defense White Paper of 2016," Mitchell said.

He said that one of the biggest priorities is ensuring the NZDF has the right people with the right training ready when needed, and this funding will support a range of personnel initiatives.

Read the full story at Xinhua