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How much of the new spending in Vote Defence Force in Budget 2026 is non-cash, including the approximately $139.6 million for Depreciation Expense Arising from Asset Revaluations and the approximately $61.4 million one-off increase to the Crown's Veterans' Entitlements Liability, and how much represents new cash investment in capability, if any?

Answered Question 24342 (2026)
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Asked by

Damien O'Connor

List MP · Labour Party

Question

  • How much of the new spending in Vote Defence Force in Budget 2026 is non-cash, including the approximately $139.6 million for Depreciation Expense Arising from Asset Revaluations and the approximately $61.4 million one-off increase to the Crown's Veterans' Entitlements Liability, and how much represents new cash investment in capability, if any?

Answered by

Hon Chris Penk

Member for Kaipara ki Mahurangi · National Party · Minister of Defence

Answer

Of new spending, only the $61.4 million to the Crown's Veterans' Entitlements Liability is non-cash. For information on new cash investment in capability I refer the Member to the Factsheet that accompanied my Budget 2026 Defence funding announcement (https://www.beehive.govt.nz/sites/default/files/2026-05/Factsheet%20-%20Budget%202026%20Defence%20Funding.pdf).