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Budget 2025
Budget 2025 headlines with summaries.
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Middle-income voters may feel shortchanged after Budget
Analysis: Yes, health and education are getting boost - but much of that will be spent keeping the lights on.
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Government's $747m boost for learning a 'breakthrough' : principals
23 May 2025Principals say it will make a big difference for children with learning and behavioural needs.
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One Budget change leaves 61,000 families worse off
Money saved by income-testing in the first year of a baby's life is instead being put into the Working for Families scheme. Audio
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Budget boost will mostly be eaten by inflation - police union
Police Association president Chris Cahill says the devil will be in the details as to where funding will be focused.
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Tougher benefit rules for young people trigger mixed responses
23 May 2025The policy is forecast to save the government about $163 million over four years. Audio
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How much of the Budget will go to Nelson Hospital redevelopment?
23 May 2025Two buildings will be refurbished while a whole new building will be built.
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The big changes, winners and losers of the Budget, at a glance
22 May 2025From changes to KiwiSaver and benefits to a business tax break and savings from pay equity changes, here's the key parts of Budget 2025.
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'Underperforming' areas cut to pay for 'seismic shift' in education
23 May 2025The 2025 Budget puts the handbrake on annual growth in education spending, as past splurges on school buildings run out in the next few years.
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More money for journalists, less for RNZ
23 May 2025The government is putting more money into hiring local journalists, but cutting Radio New Zealand's budget.
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'Disappointing' Budget being paid for by women - Labour
23 May 2025But Finance Minister Nicola Willis says the Budget is for all men and women in New Zealand. Audio
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Defence Force could get more 'killer drones' after Budget boost
23 May 2025The Budget shows the Defence Force's growing push into the drone warfare will focus first on "counter-drone" systems.
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'Scramble without the lollies': Opposition slams Budget 'austerity, cuts'
23 May 2025The Prime Minister said the 2025 Budget got the basics right and put the country back on the path to surplus.
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Coalition claws back money from pay equity, KiwiSaver in Budget
22 May 2025There are big cuts and savings, changes to Best Start and a surprise tax cut for businesses as the government opens the books.
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No Budget surprises in health, some prescriptions to go annual
22 May 2025For the health sector it's largely a 'no surprises' Budget, with all the big-ticket having already been announced.
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Climate change backsliding in the Budget 'defies belief', say advocates
22 May 2025The government has allocated $200m to investing in fossil fuel development at gasfields.
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Budget 2025: The Budget in charts
22 May 2025The 'Growth Budget' has shifted billions of dollars in funding towards health, education and defence. Kate Newton breaks down the big numbers.
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Budget 2025: Pasifika community braces for impact
22 May 2025Finance Minister Nicola Willis will deliver her second Budget on Thursday. She says it will be "about prioritising your taxpayer money carefully".
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RNZ blocked from revealing details of pre-Budget education report
22 May 2025The Attorney-General has obtained an emergency injunction to stop RNZ reporting details of a secret pre-Budget report.
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'Our approach is different' - Finance Minister on this year's Budget
New Zealanders will today find out just how much money will be cut from various services and where the money will go. Audio
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KiwiSaver is changing - what you need to know
The government is changing how much savers have to put in, how much the government chips in, and who gets anything at all.
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Govt rolls out new incentive for businesses
Investment Boost policy allows a business to immediately deduct 20 percent of the cost of a new asset.
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When the government finances are expected to return to surplus
Treasury forecast this year's deficit to the end of June would be about $2.7 billion lower than predicted.
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Budget 2025: Can austerity be turned into growth?
Analysis - The government has proclaimed 2025 the year of growth, but can it deliver when all the indications are that it is close to running on empty?
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Budget Day 2025 - as it happened
22 May 2025The government's cuts, savings and new spending have been revealed in this year's Budget.
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