The New Zealand Armed Forces will receive about NZ$5.3 billion ($3.3 billion) as part of the country's defense budget for 2023/2024. It is reported by Defense News.

It is known that last year the New Zealand Defense Force received about 4.9 billion New Zealand dollars. At the same time, inflation by December 2022 amounted to a little more than 7%.

The New Zealand Army has the largest share of funding among the armed forces, receiving NZ$1.1 billion. Last year, the army received about one billion.

The government is also providing around NZ$1 billion to the Royal New Zealand Air Force.. The Royal New Zealand Navy is to receive about 714 million.

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The army's main planned purchases are five new C-130J-30 Hercules transport aircraft, which will replace the existing C-130H fleet.. Deliveries of P-8A Poseidon maritime patrol aircraft are also calculated..

Earlier it was reported that President of Ukraine Volodymyr Zelensky spoke with Prime Minister of New Zealand Chris Hipkins and thanked him for training the Ukrainian military.