Budget 2025: How will the numbers add up?
Photo:
RNZ / Samuel Rillstone
No unicorns, no rainbows, no BS, but not austerity - this is how Finance Minister Nicola Willis has described her second budget to be revealed this afternoon.
It will reveal the government's new spending, and the savings from its sudden pay equity changes and other cuts.
The government has given itself $1.3 billion of new money to use on day to day spending.
But already $2.5b is needed just to deliver current services, and more than $3b has been allocated in pre-budget announcements for health, defence, social investment, state abuse survivor redress and the screen production rebate. So what's going to give?
Independent economist Cameron Bagrie joins Kathryn.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
NZ Herald
41 minutes ago
- NZ Herald
Tourism: Luxon, Upston hope extra money gets more attention from China, Australia and the US
The Government hopes a second shot of tourism marketing dollars should get New Zealand attention overseas and attract more foreign visitors. Tourism numbers have generally lagged behind pre-Covid peaks even with borders largely reopened for three years. Prime Minister Christopher Luxon and Tourism and Hospitality Minister Louise Upston today said
NZ Herald
43 minutes ago
- NZ Herald
Te Pāti Māori attack Greta Thunberg's ‘abduction', Israel says she's safe and on her way
Te Pāti Māori has strongly condemned the 'abduction' of crew on a Gaza-bound ship by Israeli forces, calling for the Government to demand their safe release. Co-leader Debbie Ngarewa-Packer said the party had 'grave concerns' for the safety of those on board the humanitarian aid vessel. 'Israel have proven
Scoop
an hour ago
- Scoop
Additional Funding To Attract 72,000 More Visitors To New Zealand
Minister for Tourism and Hospitality A new $13.5 million investment in international tourism marketing is expected to deliver an extra 72,000 international visitors to our shores, Tourism and Hospitality Minister Louise Upston says. 'The additional funding into Tourism New Zealand will drive international visitor numbers and will be targeted towards our core markets of Australia, the United States and China over the next few years' Louise Upston says. 'We know how important marketing is to attract visitors, with around 14 per cent of international holiday visitors directly influenced by Tourism New Zealand's marketing activity. 'This is the first investment in the Government's Tourism Growth Roadmap, which sets out a series of Government initiatives and investments for the Government and industry to work together to double the value of tourism exports by 2034. 'International visitors bring billions of dollars into the economy and these markets are the driving force behind our tourism sector. 'This investment is expected to generate around $300 million in spending, which is a very strong return on investment. International visitor numbers continue to climb and this boost will help drive further economic growth throughout the entire country. 'Encouraging more visitors means more people staying in our hotels, eating in our cafés, spending in our shops and visiting our attractions. This creates jobs and drives economic growth. 'We want people to know New Zealand is open for business and we welcome visitors with open arms.' Funding comes from the International Visitor Conservation and Tourism Levy (IVL) for 2025/26.
