Defence Minister Gerry Brownlee today outlined a $20 billion spending programme on defence equipment out to 2030. Today's Defence Capability Review, the third since 2008, gives more detail on funding a timing of the long-term spending plans. Brownlee said spending on cyber systems and security was the most significant shift in defence spending over the past five years. The plan includes $1.7 billion on defence real estate such as upgrades of the Devonport Navy base. Brownlee said the planned annual increases in operations and capital spending would maintain Defence spending at an average of 1 per cent of GDP out to 2030.

Source: New Zealand Herald November 16, 2016 06:58 UTC