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An overview of the New Zealand Government's Budget process and links to the most recent Budget documents as well as links to past Budgets.

The Treasury's Role

The Treasury helps in the preparation of the government's annual Budget by:

  • advising the Minister of Finance on Budget policy
  • preparing the macroeconomic and fiscal forecasts
  • compiling and processing budget initiative proposals from Vote Ministers, and
  • preparing budget documents such as the Estimates, the Budget Economic and Fiscal Update and the Wellbeing Budget document.

Budget 2021

The Minister of Finance, Hon Grant Robertson, delivered Budget 2021 on Thursday, 20 May 2021.

The Budget Policy Statement 2021 was the first document in the Budget 2021 cycle and was released on 9 February 2021.

Previous Budgets

Other key publications

The Treasury's forecasts for government finances and the New Zealand economy are published at least twice a year in Budget documents called Economic and Fiscal Updates (EFUs).

The most recent forecasts are: Budget Economic and Fiscal Update (BEFU) and Half Year Economic and Fiscal Update (HYEFU).

Overview of the New Zealand government's Budget process and its key phases and the documents that make up the Budget:

In this section

Last updated: 
Thursday, 20 May 2021