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New Zealand beefs up defense spending

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New Zealand will boost defense spending from $318 million to $583 million in fiscal 2013 thanks to a payback from austerity measures. "In the year to July 2013 the (military) will deliver $190 million in savings after achieving $140 million in the year prior," New Zealand Defense Minister Jonathan Coleman said. "These savings free up resources to improve the defense force's ...

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