Building a stronger economy remains our top priority – it’s what creates jobs, lifts wages and gives families more security. When we came into Government, inflation and interest rates were out of control. We’ve worked hard to fix this to improve the cost of living. The recovery is underway. We have delivered tax relief, cut wasteful spending, lowered inflation and eased pressure on interest rates, and delivered more funding to frontline services.
Economy
Tax cuts for more than 3 million New Zealanders
by National controlling spending and paying down debt, Kiwis have received tax cuts for the first time in 14 years.
Reined in wasteful spending saving taxpayers $50 billion to date
which has helped to bring down inflation and interest rates and contributed to many households saving thousands of dollars a year in mortgage repayments.
Balanced books earlier than forecast
putting New Zealand is on track for surplus in 2028/29 – a year earlier than forecast.
New Zealand’s economy is set to grow 2.7 per cent
on average every year for the next four years, creating 220,000 jobs.
FamilyBoost – tax relief for childcare
FamilyBoost has provided eligible families with tax relief of up to $120 per week in childcare costs.
Investment Boost
which enables businesses to immediately deduct 20% of the cost of new assets like new machinery, tools and equipment.
Attracted more visitors to New Zealand
through our $70 million major events and tourism investment package. In the year ended March tourism contributed $46.6 billion to our economy.
Grown exports by $20 billion
by signing new trade deals, including with India, the Gulf Cooperation Council and the United Arab Emirates, opening doors for New Zealand farmers, growers and businesses and creating jobs and lifting incomes to help all Kiwis get ahead
Made it faster and more affordable to build
by changing the earthquake prone building system and introducing Fast Track to make it easier to build the projects New Zealand needs for economic growth.
Launched $19.3 billion in infrastructure projects
creating jobs, boosting wages and growing regions.
Replacing the RMA
so it's faster and easier to build the homes, roads, energy projects and infrastructure New Zealand needs.
