Budget
at a Glance

Budget 2025 delivers

1 A new tax incentive – Investment Boost – to encourage business investment that lifts wages and grows the economy.
2 Additional investment in health, education, law and order, and other frontline public services.
3 KiwiSaver changes to support Kiwis to save more for their first home and retirement, and to make the scheme more fiscally sustainable.
4 Funding to boost Defence Force capability and respond to a more challenging global environment.
5 New infrastructure, including a $1 billion investment in hospitals and a more than $700 million investment in schools.
6 Targeted cost-of-living support for low- to middle-income families and other groups.

 

Unless otherwise stated, funding in this document refers to operating funding over the forecast period, plus capital funding.

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