Budget 2025 highlights and invite to live chat session at 3.30 pm

Willis 'goes for growth' with slower GDP growth forecast, higher borrowing, less housing spending, lower KiwiSaver contributions & a net fiscal contraction of three percentage points of GDP

Just briefly in Budget 2025 around the areas of housing, climate and poverty in Aotearoa’s political economy:

• The Government said Budget 2025 was about ‘Going for Growth,’ but the Budget forecast slower growth, higher Government borrowing, less housing spending, lower KiwiSaver contributions and a net fiscal contraction of three percentage points of GDP over four years;

• It included spending cuts that hit the young, the unemployed, young families and young savers hardest, while Goldcard holders got bigger rates rebates and businesses got a $1.7 billion per year tax break;

• The Government is co-investing in gas fields; and,

• It has given food banks $15 million of funding next year, but only for a year.

There’s more analysis below the paywall fold and in a 15 minute live chat for paying subscribers at 3.30pm.

The six key things from Budget 2025