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Budget 2025
6 mins to read

Budget includes more spending, plus a new tax incentive

Overview of what this year’s Budget entails – and what it means for you.

Illustration: Michael Hickmott.

Brent Edwards Thu, 22 May 2025

Finance Minister Nicola Willis’ second Budget contains new spending of $5 billion and a $1.7b tax deduction for businesses.

But Willis has stuck to her word by finding savings of $5.3b to help fund the new spending, alongside the $1.3b operating allowance she had set aside.

Much of it is based on

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Brent Edwards Thu, 22 May 2025
Contact the Writer: brent@nbr.co.nz
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Budget includes more spending, plus a new tax incentive
Budget 2025,
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