Budget 2019

Budget at a Glance

Transforming the economy

The Government is committed to moving New Zealand towards becoming a low-emissions economy. This means having the courage to do the long-term planning required to ensure workers, businesses and communities are supported as we move away from fossil fuels and towards a low-carbon future.

$229m operating

A Sustainable Future – Productive and Sustainable Land Use

The Productive and Sustainable Land Use package is a collaboration between the Ministers with responsibility for the Agriculture, Climate Change, Conservation, Environment, Land Information, Forestry and Research, Science and Innovation portfolios. It aims to set up the institutions necessary to drive change, but combines them with transformative, on-the-ground assistance for land users to reduce their environmental impacts.

$41m operating $2.1b capital

Investing in the Future of Rail

More than $1 billion will be invested in the rail network (including $300 million from the Provincial Growth Fund). This will support our climate change goals and improve choices for freight and commuter transport. Funding is also provided for Auckland City Rail Link and beginning the process to replace the Interislander ferries.

$80m operating $15m capital

Meeting the Climate Change Challenge

An important part of the transition includes research into our current emissions profile, and ways to reduce emissions in the agriculture and energy sectors. We will inject $80 million operating and $15 million capital funding into science and research on climate change and new energy technologies.

Alongside this spending, we are making considerable changes to regulation to achieve our intended outcomes. These include the Zero Carbon Bill, upcoming changes to the Emissions Trading Scheme, and Phase 2 of the Resource Management Act reforms.

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