Why the Christmas mini-budget will be so hard to write

Why the Christmas mini-budget will be so hard to write
National's Nicola Willis and Christopher Luxon. (Image: NZME)
Pattrick Smellie
Having successfully predicted the new government would want to do a mini-budget some days before such an intention was announced, this column will attempt comparable perspicacity by predicting what will be in it.The short answer: not as much as the term mini-budget - even with mini in it - would imply.The reason: the fiscal situation the government faces is dire, and the answers to fixing it are either complicated, too draconian to be politically survivable or involve jettisoning or hugely delaying most of National’s pre-election tax prom...

More Economy

High bar for July rate cut – ASB
Economy

High bar for July rate cut – ASB

July cut can't be ruled out but there is value in waiting, ASB says. 

Rebecca Howard 04 Jun 2025
RBNZ expects rates to go lower
Economy

RBNZ expects rates to go lower

The central forecast and the two alternatives all have rates dipping below 3%. 

Rebecca Howard 03 Jun 2025
RBNZ 25bps rate cut wasn't unanimous
Economy

RBNZ 25bps rate cut wasn't unanimous

The vote was 5 to 1 to cut by 25 basis points. 

Rebecca Howard 28 May 2025
RBNZ cuts, signals more to come
Economy

RBNZ cuts, signals more to come

Risks around the economic outlook are heightened. 

Rebecca Howard 28 May 2025