Budget 2025

The Minister of Finance, Hon Nicola Willis, delivered Budget 2025 on 22 May 2025.

Budget 2025

Publication type:
Budget
Publication category:
Budgets of the government
Budget year:
2025
Part of:
Status:
Current
Issue date:
Copyright licence:
© Crown Copyright, Attribution 4.0 International (CC BY 4.0)

For the Estimates of Appropriations 2025/26 and Supplementary Estimates of Appropriations 2024/25 please go to the Budget website.

These will be available on the Treasury site by the end of the month.

The Minister of Finance, Hon Nicola Willis, delivered Budget 2025 on 22 May 2025.

Contents

Key documents

Budget at a Glance 2025

At-a-glance summary

Fiscal Strategy Report 2025

Fiscal strategy report

Budget Speech 2025

Budget speech

Child Poverty Report 2025

Child poverty report

Summary of Initiatives in Budget 2025

Summary of initiatives

Budget Policy Statement 2025

Budget policy statement

Forecasts

Budget Economic and Fiscal Update 2025

Economic and fiscal update

Additional Information - Budget Economic and Fiscal Update 2025

Economic and fiscal update

Half Year Economic and Fiscal Update 2024

Economic and fiscal update

Models, data and other material

Fiscal Strategy Model - BEFU 2025

Fiscal strategy model

New Zealand Superannuation Fund Contribution Rate Model - BEFU 2025

NZS fund contribution rate model

2025 Tax Expenditure Statement

Tax expenditure statement

New Zealand Superannuation Fund Contribution Rate Model - HYEFU 2024

NZS fund contribution rate model

Guides

Accounting Policies for the Forecast Financial Statements of the Government of New Zealand for the Budget Economic and Fiscal Update 2025

Guide

Guide to the Budget documents 2025

Guide

Purchasing Budget 2025 Documents

Guide

Guide to the Budget process

Guide

New Zealand Superannuation Fund Model Guide

Guide

Accounting Policies for the Forecast Financial Statements of the Government of New Zealand for the Half Year Economic and Fiscal Update 2024

Guide

Ministers' media releases

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