Diminished Bang For Buck On Defense
Prime Minister Helen Clark said the weak New Zealand dollar would give the government less bang for its buck on defense.
Miss Clark would not be drawn on what the government would be spending it’s defense dollar on, which was discussed in Cabinet today, except to say that the decisions that have been made are very substantial.
She said that Australia and the United States - ‘close allies’ and ‘friends,’ respectively - are not likely to comment on how much the Government spends or what it purchases on defense.
Minister Mark Burton will announce the decisions
on defense spending in parliament on