Budget 2025: Shuffling the Deck to Shift the Dial

Finance Minister Nicola Willis leaves today's Budget lock-up. (Image: NZME)

Thu, 22 May 2025

For businesses with growth ambitions, Budget 2025 is unequivocally good news.By announcing that 20% of the value of almost any new asset can be expensed in the year of purchase, from Thursday, Finance Minister Nicola Willis has undoubtedly just made recession-weary, cautious business owners more likely to make a capital investment.Low capital-intensity and poor uptake of advanced technology are key reasons for New Zealand’s abysmal productivity performance, so this initiative makes sense both as a short term mood-lifter and a medium term...

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