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.
The Minister of Finance, Hon Grant Robertson, delivered Budget 2023 on 18 May 2023.
The Budget Policy Statement 2023 is the first document in the Budget 2023 cycle and was released on 14 December 2022.
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: Pre-election Economic and Fiscal Update (PREFU) and Budget Economic and Fiscal Update (BEFU).
Overview of the New Zealand government's Budget process and its key phases and the documents that make up the Budget: