The very recent NZ MoD Defence Assessment 2021 should have sounded alarm bells, publicly, within the government but there is zero evidence that this has happened other than platitudes from the local village idiot who is DefMin: "People, Infrastructure, Pacific". IMHO, the opposite is happening with funding being spent on COVID ops instead of budgeted programs such as Enhanced Maritime Awareness Capability (which seems to have shrunk/evolved from a $600m aviation/UAS platform to become a several $m commercial surveillance system).
So, the short answer: fantasy.
While Rome burns, I sit back and think of past RNZAF glory and thinking of what could have been with an F-16 fleet ACF now.