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New Zealand Plans to Double Military Spending by 2031

5/3/2025

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Luxon Increases Military Budget
  • New Zealand is set to ramp up its military budget, targeting a doubling of spending to 2% of GDP within eight years. Prime Minister Christopher Luxon reaffirmed the nation's commitment to Ukraine, pledging soldier training. This decision mirrors a global surge in military expenditures, which are expected to rise by 9.4% in 2024 amid escalating tensions with China and Russia.
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