NZ Trims Operating Budget to Boost Capital Investment
PM Christopher Luxon set a NZ$2.1 billion operating budget to reach a surplus by 2029. The plan boosts capital spending for defense and infrastructure.
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New Zealand Prime Minister Christopher Luxon will cut the 2026 operating budget to NZ$2.1B ($1.25B) to reach a surplus by 2029. The package is NZ$300M lower than the NZ$2.4B allowance set in December. Investors are monitoring fiscal discipline as the government balances infrastructure needs against a weak domestic economy.
