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Dear John --
At the end of this month, our Government will be delivering its
first Budget, all part of our plan to rebuild the economy and get our
country back on track.
We know the economy is in a tricky spot: inflation is too high and
has been for almost three years, interest rates have soared and are
biting homeowners and businesses alike, unemployment has risen and
growth has stalled in four of the past five quarters.
The investments we make in this year’s Budget will be resolutely
focused on the delivery of frontline services. I’m committed to
putting money where it will deliver results that matter for New
Zealanders.
Our budget will:
- Prioritise investment in the public services that matter most to
you.
- Deliver tax relief to hardworking Kiwis.
- Deliver durable savings, to support investments today and to get
the Government books back into balance.
Our tax relief package will increase the take-home income
of 83% of New Zealanders and over 94% of New Zealand households.
On taking office at the end of last year, we acted quickly with our
mini-Budget to rein in government spending – banking $7.5 billion of
immediate savings and moving fast to identify an additional $1.5
billion of annual savings across government. I’m thrilled we can now
say we have met that savings target.
I want New Zealand to be a country where Kiwis have the chance to
work hard and get ahead, where businesses have the opportunity to
innovate, invest and grow, and where every Kiwi kid has the best
possible shot in life, starting with a world-class education.
I look forward to sharing our Government’s budget with you on May
30.
Christopher
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