Finance Minister Nicola Willis has voiced pride for Team New Zealand following their latest America's Cup victory - but she's unsure if the nation can justify hosting the event.

Team boss Grant Dalton says New Zealand's absolutely in the running to host the next Cup.

However, Nicola Willis says there's a number of factors that go into picking an America's Cup location - and New Zealand needs to be 'hard-headed' about its options.

"Dollars are precious and dollars can go to many purposes - including schools and hospitals."

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