ISSUE
Friday, August 22, 2025
Volume 16 . Issue 73
National’s sixth Budget shows New Zealand is heading in the right direction.
We’re also putting the well-being of young families and children at the heart of our new spending with a comprehensive $500 million package to help families.
We’re making GP visits free for under-13-year olds, we’re extending paid parental leave and the parental tax credit, and we’re investing more in vulnerable children and early childhood education.
On top of those, for the first time spending on health tops $15 billion a year. And spending on early childhood, primary, and secondary education will reach $10 billion with an additional $3 billion on tertiary education.
Each of these commitments will help New Zealanders in practical ways at times of need and support a growing economy.
Our growing economy is creating more jobs, and is seeing average wages rise faster than inflation.
That’s happening now and Budget forecasts show it continuing with economic growth of 4 per cent next year, and around 170,000 new jobs and a $7600 increase in the average wage over the next four years.
We’re in an enviable position compared with many other countries.
New Zealanders have shown considerable resilience since the domestic recession that Labour left us with, which was followed by the global financial crisis, and the Canterbury earthquakes.
As a country, we’ve had some tough years but now things are looking up.
The Government’s books show we’re doing better, and confidence surveys show we’re feeling better, too.
We’ll record a small surplus next year and larger surpluses in the coming years, which will allow us extra spending, but not so much that it pushes interest rates higher than they otherwise would be.
Our responsible management will see Government debt reduced to 20 per cent of GDP by 2019/20, when we can resume full contributions to the NZ Super Fund.
We’ll invest a further $1 billion from the Government share offers in essential public assets without having to borrow the money from overseas lenders.
We’re working on making houses more affordable and we’re going to lift the standard of teaching to help pupils perform better and, longer term, to help New Zealand lift its performance in the world.
This is a Budget from a Government that knows what it’s doing for a country that knows where it’s going.
National’s sixth Budget shows New Zealand is heading in the right direction.
We’re also putting the well-being of young families and children at the heart of our new spending with a comprehensive $500 million package to help families.
We’re making GP visits free for under-13-year olds, we’re...
National’s sixth Budget shows New Zealand is heading in the right direction.
We’re also putting the well-being of young families and children at the heart of our new spending with a comprehensive $500 million package to help families.
We’re making GP visits free for under-13-year olds, we’re extending paid parental leave and the parental tax credit, and we’re investing more in vulnerable children and early childhood education.
On top of those, for the first time spending on health tops $15 billion a year. And spending on early childhood, primary, and secondary education will reach $10 billion with an additional $3 billion on tertiary education.
Each of these commitments will help New Zealanders in practical ways at times of need and support a growing economy.
Our growing economy is creating more jobs, and is seeing average wages rise faster than inflation.
That’s happening now and Budget forecasts show it continuing with economic growth of 4 per cent next year, and around 170,000 new jobs and a $7600 increase in the average wage over the next four years.
We’re in an enviable position compared with many other countries.
New Zealanders have shown considerable resilience since the domestic recession that Labour left us with, which was followed by the global financial crisis, and the Canterbury earthquakes.
As a country, we’ve had some tough years but now things are looking up.
The Government’s books show we’re doing better, and confidence surveys show we’re feeling better, too.
We’ll record a small surplus next year and larger surpluses in the coming years, which will allow us extra spending, but not so much that it pushes interest rates higher than they otherwise would be.
Our responsible management will see Government debt reduced to 20 per cent of GDP by 2019/20, when we can resume full contributions to the NZ Super Fund.
We’ll invest a further $1 billion from the Government share offers in essential public assets without having to borrow the money from overseas lenders.
We’re working on making houses more affordable and we’re going to lift the standard of teaching to help pupils perform better and, longer term, to help New Zealand lift its performance in the world.
This is a Budget from a Government that knows what it’s doing for a country that knows where it’s going.
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