The Minister of Finance, Hon Grant Robertson, will deliver Budget 2023 on 18 May 2023.
This will be the fifth Wellbeing Budget. The wellbeing approach is designed to drive investments to improve New Zealanders' living standards by tackling long-term challenges as well as addressing the pressures immediately in front of us.
The overarching goals set for the parliamentary term are:
continuing to keep New Zealand safe from COVID-19
accelerating the recovery and rebuild from the impacts of COVID-19, and
laying the foundations for the future, including addressing key issues such as our climate change response, housing affordability, and child poverty.
The Government's economic plan is for New Zealand to become a high-wage, low-emissions economy that provides economic security in good times and bad. As we shift away from the COVID‑19 emergency response, the Government has become primarily focused on creating a high‑wage, low‑emissions economy, helping New Zealanders to face the global cost of living spike, and consolidating our fiscal position.