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NZ Lacks Billions 'Under the Couch' for Greater Defense Spending
May 30, 2026
Bloomberg Business

NZ Lacks Billions 'Under the Couch' for Greater Defense Spending

New Zealand can't find billions for defense, Finance Minister Nicola Willis said. The US wants more spending, but the country lacks the money. Willis explained, "we don't have the fiscal headroom." This means New Zealand can't easily afford to boost its military budget to meet expectations.