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Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
Budget 2024
7 mins to read

Budget 2024: all you need to know

Tax cuts, spending cuts; so where does new spending come from in Finance Minister Nicola Willis’s inaugural Budget?

WATCH: Finance Minister Nicola Willis on her inaugural Budget.

Brent Edwards Thu, 30 May 2024

Finance Minister Nicola Willis’s first budget has delivered tax cuts worth $3.68 billion a year, which are matched by spending cuts of $3.71b.

Changes to personal income tax thresholds and the independent earner tax credit are estimated to cost the Government $2.57b a year. Other changes include

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Brent Edwards Thu, 30 May 2024
Contact the Writer: brent@nbr.co.nz
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Budget 2024: all you need to know
Budget 2024,
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