Budget 2025: Five things to watch at 2pm

Finance Minister Nicola Willis is to deliver her second budget on Thursday. (Image: NZME)

Thu, 22 May 2025

Budget 2025 drops at 2pm, and while there's something for everyone, these five areas are ones to watch:When do the Treasury forecasts show the books back in the black? Finance Minister Nicola Willis says the goal is to hit a surplus in the year to June 2028. The forecasts, however, will likely stick to a surplus in the year to June 2029, despite the very tight operating budget. In December, the Treasury forecast a surplus of $1.9 billion in that year. The deficit peaks at $12.9b this year. The Government’s headline fisc...

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