Tmnz
By Matt Edwards, Chief Executive Officer,
On 28 May, Finance Minister Nicola Willis will deliver a Budget carrying more weight than most. Election year. A recovering but fragile economy. And a global environment that offers no margin for complacency, with rising oil prices, renewed trade tensions and persistent inflation risk.
This Budget isn’t just a fiscal statement. It’s a signal about New Zealand’s ambition for lifting productivity, innovation and growth. For the businesses and advisors we work with every day, that signal will matter more than ever. Don’t mistake momentum for progress
The numbers had been moving in the right direction. Real GDP was forecast to rise to 3.4% in 2026/27, off the back of consecutive OCR cuts¹. But the RBNZ held in April and May, and the next move is now more likely up than down.²
The backdrop makes the Budget harder to write, and more important to get right. The Tre...
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