Defence spending is like insurance – how will NZ pay the higher premiums?


Getty Images Defence spending is like insurance – you have to pay for it but you hope you never have to use it. And the higher the risk you face, the higher your premium will be. New Zealand has no… [+4948 chars] Show more...

Higher taxes, more debt, GDP growth or cuts in other areas? A bigger defence budget will mean shifts in economic activity and tradeoffs in spending priorities.

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Stephen Hickson, Lecturer in Economics and Director, Business Taught Masters Programme, University of Canterbury

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