Govt slashes Budget 2025 operating allowance

(Image: NZME)

Tue, 29 Apr 2025

The Government has slashed the operating allowance by more than $1 billion in Budget 2025, a move that means it can continue to forecast a surplus in 2029, Finance Minister Nicola Willis said. The “allowance” for new spending in Budget 2025 was set in last year's Budget at $2.4b.“I am confirming today that the Government has reduced the size of our Budget 2025 operating allowance to $1.3b,” she told the Hutt Valley Chamber of Commerce in a speech ahead of the Budget on May 22."The fiscal forecasts will not...

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