New Zealand announced on 30 May a major increase in its defence budget for fiscal year 2019-20 to support military recapitalisation efforts. The expenditure 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.The country's defence funding is calculated from two allocations administered by the defence minister.
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