From RNZ · RNZ | Te Reo Irirangi o Aotearoa · · 50s
National hints at tax cuts after 2029
National promises tax cuts for voters after 2029 as fiscal plan shows surplus path.
In brief
National promises tax cuts for voters after 2029 as fiscal plan shows surplus path. National will consider tax relief for working New Zealanders once government books return to surplus by 2029. Originally reported by RNZ.
National fiscal plan released
National released fiscal plan aligning with Treasury's Pre-election Economic and Fiscal Update forecasts.
Tax cuts delayed until 2029
National will not cut taxes until books return to surplus, which isn't forecast until 2029.
Health funding commitment
National allocates $15.4 billion for health investment over next four years including medicines and bowel screening.
School lunch program extension
National extends school lunch program with $451.8 million until next election.
Surplus growth projection
Operating surplus projected to grow from $4 billion in 2028/29 to $11.7 billion in 2030/31.
The essence
National will consider tax relief for working New Zealanders once government books return to surplus by 2029.
