More cuts possible to cover Govt’s extra KiwiSaver costs - Finance Minister
The Green Party is claiming the extra costs could total more than $700m.
AdvertisementAdvertise with NZME.
Latest from Economy
Another rate cut expected as new RBNZ Governor fronts for first time
The Reserve Bank will produce new forecasts amid a period of extreme uncertainty.
'Who has an extra $480?': Sky customer caught in billing blunder
Sky says the error was caught on Friday and the transactions were quickly cancelled.
Liam Dann: Kiwis need to save their way out of this financial hole
Government moves to boost KiwiSaver contributions are a good start but should go further.
‘Shotgun’ cladding: Homeowner complains about new $1.27m home, builder says nothing wrong
Sound's a known behaviour of the product and not a sign of a defect, says Fletcher Living.
'An orgy of corruption': Trump criticised for crypto event with top investors
Trump hosted a private dinner for 220 memecoin investors at his golf club.
Investor unease over Trump tax plan spikes US borrowing costs
The legislation is expected to add trillions to ballooning US national debt.
Three apartment developments first to get approval for Crown underwrites worth $75.5m
Crown entity backs the projects, agreeing to buy units if they aren't sold on completion.
Markets with Madison: Tourism Holdings doing it tough
Tourism Holdings had to rush thousands of camper vans across the Canadian border to circumvent reciprocal tariffs. Now, it’s warning of major US tourism setbacks.
Liam Dann: Upbeat Treasury forecasts GDP growth, rising house prices
Opinion: Treasury's Budget forecasts paint an optimistic picture – but are they too rosy?
What's in the Budget for you - student loan borrowers pay more; Best Start payments cut
Follow live updates on the Government's Budget 2025 announcements here.
Nearly 9000 teens to lose welfare if parents can support them under new test
A 'parental assistance test' will be introduced for single 18- and 19-year-olds in 2027.
Govt boosts spending on private schools to support ‘diversity, choice’
It is the first increase in private school funding in 15 years, David Seymour said.
Budget 2025: Every budget item in one interactive
Use the Herald interactive to explore Budget 2025.
Pay equity, KiwiSaver and housing: Where the Govt cut $21b
The pay equity changes have saved the Government almost $13b.
Budget breakdown: The 10 things you need to know
From pay equity savings, to subsidising private schools, to KiwiSaver changes.
'Strongest performers': Rural areas leading NZ's economic recovery
Rural economies were buoyed by better prices for dairy, meat and horticulture exports.
Audrey Young: Willis' pre-Budget attacks suggest she's feeling the pressure
OPINION: It's unusual for a Finance Minister to focus on the Opposition before Budget Day.
Benno Blaschke: Breaking up supermarkets won't solve competition issues
OPINION: Regulatory barriers to entry should be considered as an alternative.
Opinion: How Japan's bond market turmoil affects global stability
Japanese bond yields hit record highs, sparking fears for Western economies.
Jenée Tibshraeny: Five things to watch in today's 'Reality Bites Budget'
Will Nicola Willis be able to cut spending and spur growth?
'Heartbreaking': Smith & Caughey's to close for good, almost 100 job losses
Auckland's prestigious flagship retailer to close after 145 years despite rescue attempts.
Honest debate needed on building materials' true impact – Jeremy Sole
OPINION: Steel's embodied carbon can be cut by up to 70% with new tech and recycling.
Spain shuts 65,000 Airbnb listings amid rental crackdown
Over 65,000 Airbnb listings in Spain will be shut down due to housing issues.
Dairy prices end NZ season on a flat note, will they stay high in 2026?
The Global Dairy Trade auction ends flat as prices support Fonterra's $10/kg forecast.
Marama Davidson: Budget needs to fund communities, not corporate greed
OPINION: The Green Budget proposes making healthcare and early education free.
Marty Verry: Green building pledge could trigger $1.5b of investment
OPINION: A shift to mass timber could create 7000 jobs in the regions.
Release date set for Auckland's long-awaited property revaluations
The new CVs are due out in the week June 9-13.
UK, EU unveil major deals on defence, exports at landmark summit
A new 12-year deal allows European fishing crews access to British waters.
Luxon, Willis announce tax changes ahead of Budget day
The Government hopes the new changes will encourage investment.
Opinion: Economic forecasting is notoriously difficult, but global uncertainty is making it harder
OPINION: This year’s Budget will be one of the tightest in a decade.
'Absolute losers': Elton John's fiery critique of UK copyright reforms
He said the changes would 'rob young people of their legacy and income'.
Liam Dann: ‘Perfect storm’ for flat whites - what surging food prices mean for the economy
Butter, cheese, coffee...do rising food prices signal the return of high inflation?
Northcote's Vietnamese-built Elevation apartments near completion
'It's been challenging' – Alastair Sawer, chief executive of developer TLC Modular