Try last year! Recce, as far I can see the numbers in the Jane's article stack up. They claim a final budgeted expenditure of NZD 7.37bn for 2023/24.
Hmmm that Janes link now brings up a 404 error for me!
Happy to be corrected but my understanding of Capital Injections (in NZDF context) means in simple terms capital funding as per White Paper or Defence Capability Plan projects (funding) approved by Cabinet. It can both be new funding (approvals) in a new budget year, and be in addition to previous budget years funding approvals (i.e. on-going projects in motion). Giving a higher figure (such as the $ 0.75b you refer to).
But
Capital Injections (which can have a separate entry in the Vote Defence/Force tables) form part of the overall
Capital Expenditure listed elsewhere in the tables (sometimes without any easily understood breakdown).
And if that isn't confusing enough, both Vote Defence (MoD) and Vote Defence Force (NZDF) count
Capital Expenditure twice (and if that isn't confusing sometimes the two figures they both use can be slightly different).
So perhaps Janes did that?
Former DefMin Wayne Mapp
discusses this double up of Capital Expenditure.
The 2022 budget continued defence expenditure at 1.5 percent of GDP, made up of approximately $3 billion in operating costs and $1.5 billion in capital costs. The capital expenditure appears in both Vote Defence Force and Vote Defence (MOD), but it seems to a single block of expenditure.
So I don't think NZDF spent $7b last year (unfortunately).
If we look at the 2023/2024
Vote DF doc page 316:
Total Annual Appropriations and Forecast Permanent Appropriations 5,156,824 (11,535) 5,145,289
The last figure is total budget for 23/24.
Then 2024/25 Vote DF page 46:
Total Annual Appropriations and Forecast Permanent Appropriations 5,145,289 5,126,871 4,819,199
The first figure is 23/24 final budget (exact match with above) and the last figure is the 24/25 budget figure.
Which roughly is a 6.3% reduction. Which is very close to the recent Reuters article figure.
If so Reuters 1 v Janes 0?
Oh
Sweet Jane! (Nevermind that'll make up for it)!