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Budget 2022: A secure future

Budget 2022 will help build a high wage, low emissions economy that provides greater economic security, while providing support to households affected by cost of living pressures.

Our economy has come through the COVID-19 shock better than almost anywhere else in the world, but other challenges, both long-term and more immediate, have come to the fore. This Budget responds to those challenges.

At the heart of this year’s Budget is our cost of living package, designed to ease the pressure on New Zealanders in the face of global inflation. The Budget also includes investments that secure our future, including our largest ever investment in the health system and Pharmac, and initiatives to ensure we’re on course to build a low emissions economy. On top of this, we continue to carefully manage the books, keeping debt low and with a forecast return to surplus with balanced spending decisions.

This Budget strikes a careful balance, building on our successful response to COVID-19 in continuing to support New Zealanders through a tough period, but also looking forward to supporting New Zealanders to seize the opportunities of a more secure future.

Wellbeing Budget 2022 speeches:

For details on the initiatives funded by Budget 2022, see below.

Budget 2022: A secure future in difficult times

Budget highlights underlying strength of economy in face of global headwinds

Cost of living package eases impact on households – 2.1 million Kiwis to get new targeted payment

A Secure Future for New Zealanders’ health

Investing in better health services

A health system that takes care of Māori

Government delivers critical infrastructure

Government delivers timely support for whānau

Securing the wellbeing of Pacific communities

Unleashing business potential across NZ

A booster for RNA research and development

Budget lifts up to 14,000 children out of poverty

More support for first home buyers and renters

Primary sector backed to grow and innovate

Investing in education so all Kiwis can succeed

Paving the way for better outcomes for disabled people

Coronial delays addressed by Budget 2022

Budget 2022 supports resilient and sustainable cultural sector

Funding boost secures Defence capabilities

Funding certainty for quality public media

Future resource management system implementation funding

195,000 children set to benefit from more mental health support

Next steps for specialist mental health and addiction services

Supercharging decarbonisation & transforming the energy system

Climate investments provide path to economic security

Transport to drive down emissions

Partnership to reduce agricultural emissions

Investing in tech sector growth

Supporting our young people to thrive

Pre-Budget Speech to the Wellington Chamber of Commerce

PM Pre-Budget Speech to Business New Zealand

Investing to eliminate violence in our homes and communities

Supporting 38,000 apprentices to accelerate recovery

More police to target gangs 

Investing in biosecurity for future economic security

Government clears road for 64,000 people to get driver licenses 

Pre-budget speech to Rabobank breakfast

New fiscal rules to be put in place