Phoebe Merrick, 22, is an American living in New Zealand with her partner, Reuben Sandoy, 29, who grew up there.

The right-wing government aims to double military spending while cutting public healthcare, driving down wages, reducing ...

New Zealand budget 2025: It outlines changes to KiwiSaver and benefits ... the government is expected to stay in deficit until 2028, with a narrow ($200m) surplus forecast for 2029. However, by the ...

Without naming US President Donald Trump, the Finance Minister of New Zealand, Nicola Willis, mentioned that the country is battling external economic turbulence as well as internal challenges.

The fiscal update forecasts the budget deficit will widen to around 12.1 billion New Zealand dollars, equivalent to US$7.2 billion, in fiscal 2026, up from a deficit of NZ$10.1 billion in fiscal 2025.

and the New Zealand Emissions Trading Scheme with net losses being $0.9 billion lower than forecast. The core Crown residual cash deficit of $5.3 billion was $1.7 billion lower than forecast.

Wellington: New Zealand’s government is facing deeper budget deficits and a delayed return to surplus as a prolonged economic downturn and poor productivity hit tax revenue. The operating ...

Dennis Wesselbaum does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations ...

There's less than a month to go until the 2025 Budget is unveiled - and ... Nicola Willis says New Zealand has been in a significant deficit since 2019, and she's determined to get back into ...

The New Zealand economy faltered in 2024 amid tight financial conditions, as inflation successfully returned to target and the current account deficit narrowed ... the government’s policy statement ...