The Government has confirmed that Budget 2025, named the "Growth Budget," will be delivered on Thursday, 22 May.

Finance Minister Nicola Willis announced the date and outlined the Budget’s focus on economic growth and fiscal management.

“This year’s Budget will drive forward the Government’s plan to grow our economy to improve the incomes of New Zealanders now and in the years ahead,” Willis said.

The Minister added that Budget 2025 would continue efforts to "secure New Zealand’s future prospects" and address what she described as "Labour’s era of wasteful spending."

According to Willis, the Budget will introduce "bold steps to support economic growth," including initiatives to address New Zealand’s productivity challenges.

These measures, she noted, would extend beyond traditional spending and savings initiatives.

“The Government intends to introduce several legislative and regulatory measures at the Budget focused on removing barriers that hold back job and wealth creation for New Zealanders,” she stated.

Willis said Budget 2025 would build on the previous year’s efforts to address the cost of living, improve health and education services, and strengthen law and order.

She also mentioned plans for new social investment measures aimed at improving outcomes for those in greatest need.

The Government’s Budget priorities were outlined in the Budget Policy Statement 2025, released on 17 December.

Budget 2025 will be presented in Parliament on 22 May.

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