Budget 2025 at a Glance

Budget 2025 at a glance

From changes to Kiwisaver and benefits, to a tax break from businesses, and changing economic forecasts, here's some of the major announcements...

Minister of Finance’s Budget 2025 Speech

Mr Speaker, I move that the Appropriation (2025/26 Estimates) Bill be now read a second time. Ahumairangi, Tangi Te Keo, tū te ao tū te pō. Te Whanganui-a-Tara, te karu waitai, piata mai nā. Kei oku nui kei aku rahi, nōku te hōnore ki te whakamaunu i te tahua mō te tau nei, tēnā koutou katoa. Mr Speaker, As I said in te reo Māori, it is an honour to announce this year’s Budget. This is a responsible Budget to secure New Zealand’s future. It supp…

Budget 2025: SMEs seek tax cuts, less red tape as confidence wavers

Pictured above: Nicola Willis talking to business owners in the Taranaki. As the Government prepares to unveil Budget 2025 on 22 May, small businesses across New Zealand are voicing cautious optimism, but with a clear message: They want real action on tax relief and regulatory reform. New research from Prospa New Zealand’s latest SME Sentiment Tracker Report shows that nearly half (49 percent) of SME operators lack confidence that the upcoming B…