The NZ Herald has provided comprehensive coverage of New Zealand’s 2025 Budget, featuring live analysis, expert commentary, and detailed breakdowns of key policy changes. Finance Minister Nicola Willis presented the Budget, which includes significant adjustments aimed at stimulating economic growth and addressing fiscal challenges.NZ Herald+4NZ Herald+4NZ Herald+4
Key Highlights from Budget 2025
- KiwiSaver Subsidy Reductions: The government announced cuts to KiwiSaver subsidies, a move that has sparked criticism from the Labour Party. They argue that an 18-year-old could be up to $66,000 worse off at retirement due to these changes. Prime Minister Christopher Luxon defended the decision, stating it is part of a broader strategy to stimulate economic growth. NZ HeraldNZ Herald+3NZ Herald+3NZ Herald+3
- Best Start Payment Adjustments: The Best Start payment, previously universally available in the first year after a child’s birth, will now be means-tested across all three years it is offered. This change is projected to save $211 million but has raised concerns among young families about increased financial strain. NZ Herald
- Education Funding Increase: An additional $2.5 billion has been allocated to the education sector, with a significant portion directed toward supporting students with alternative or complex needs. NZ Herald
- Corrections Budget Boost: The Corrections budget will receive an additional $393 million over four years to accommodate an anticipated rise in the prison population, expected to reach up to 10,860 by June 2026. NZ Herald
- Public Sector Savings: The government has identified $21 billion in savings over the forecast period. However, analysts warn that finding future savings may pose significant challenges. NZ Herald+1NZ Herald+1
For an in-depth analysis and expert discussions on Budget 2025, you can watch the NZ Herald’s live special coverage:NZ Herald
Additionally, Finance Minister Nicola Willis participated in a post-Budget event, providing further insights into the government’s fiscal strategies:NZ Herald+4NZ Herald+4NZ Herald+4
For continuous updates and detailed articles on Budget 2025, visit the NZ Herald’s dedicated Budget 2025 section:
