Budget 2023 includes $4b of savings and reprioritisation

Budget 2023 includes $4b of savings and reprioritisation
Finance minister Grant Robertson. (Image: Getty)
Rebecca Howard
Finance minister Grant Robertson told the Wellington Chamber of Commerce that Budget 2023 will include $4 billion of savings and reprioritization over the four-year forecast period.“For the most part, this funding has gone toward funding agencies’ existing cost pressures,” Robertson said.He will provide more detail when the budget is released on May 18 but noted, “these savings have been found across a wide range of areas, some of which have been well publicised already”.   "This kind of work is ongo...

More Finance

RBNZ reopens Wellington office after asbestos mayhem
Finance

RBNZ reopens Wellington office after asbestos mayhem

Bank tight-lipped on how many staff are home-working as asbestos-hit office reopens. 

Andy Macdonald 21 Nov 2025
Big banks eye warnings on legacy Open Banking technology
Finance

Big banks eye warnings on legacy Open Banking technology

Their interest comes with dawn of API-led Open Banking just weeks away. 

Andy Macdonald 19 Nov 2025
Banks accelerate crackdown on ‘mule’ scammers
Finance

Banks accelerate crackdown on ‘mule’ scammers

New technology picks up crooked “muleteers” more quickly.

Andy Macdonald 17 Nov 2025
NZX edges lower as Infratil, profit-taking weigh
Finance Market close

NZX edges lower as Infratil, profit-taking weigh

S&P/NZX 50 Index slips with Infratil, Blackpearl and Heartland in focus.

Andy Macdonald 13 Nov 2025