News

Wed May 21

NZ Budget 2025: economic forecasting is notoriously difficult, but global uncertainty is making it harder

Written by Michael Ryan, Lecturer in Economics, University of Waikato

This year’s budget will be one of the tightest in a decade, with the New Zealand government halving its operating allowance – the new money it has available to spend – from NZ$2.4 billion to $1.3 billion.

The cut reflects weaker than expected growth owing to global economic turmoil. It also highlights...

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