Budget 2025 preparations

The story so far

Nicola Willis, the new economic growth minister, has said she wants New Zealand to reach growth levels similar to Ireland and Singapore, as economists assess Christopher Luxon's State of the Nation speech on economic strategy.^{27 Jan 2025} Finance Minister Nicola Willis has announced that the 2025 Budget will be released on 22 May, termed the 'Growth Budget', and aimed at driving growth through measures beyond traditional spending and savings.^{29 Jan 2025} Willis has indicated that tax reform is being considered for the May Budget, while some economists say corporate tax cuts may need significant changes elsewhere to be affordable.^{5 Feb 2025} Green Party co-leaders Chlöe Swarbrick and Marama Davidson have announced plans to release an alternative Green budget this year, presenting a different economic approach and addressing issues such as child poverty.^{26 Feb 2025}

Latest

The Green Party has announced plans to release its own alternative budget this year, with child poverty among its priorities.^{26 Feb 2025}

What's next

The Government's Growth Budget is due for release on 22 May.^{29 Jan 2025}

Key moments

1. 27 Jan 2025New growth minister sets goal of Ireland- and Singapore-style growth.
2. 29 Jan 2025Finance Minister sets 22 May release date for Growth Budget.
3. 5 Feb 2025Willis signals corporate tax changes under consideration for May Budget.
4. 26 Feb 2025Green Party announces plans for alternative Green budget this year.

Written from the stories below; each sentence links to its sources.