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13 highlights of Budget 2022

Our Government has just released this year’s Budget, which sets out the next steps in our plan to build a high wage, low carbon economy that gives economic security in good times and in bad. It’s full of initiatives that speed up our economic recovery and ease cost pressures for New Zealanders.

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Extra support with the cost of living

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.

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What to expect in Budget 2022

Budget 2022 has now been released! To see more about what's in the Budget, click here.

Tomorrow, the Government will release this year’s Budget, setting out the next steps in our plan to build a high wage, low carbon economy that gives economic security in good times and in bad. While the full details will be kept under wraps until Thursday afternoon, we’ve announced a few Budget policies ahead of time – providing a sneak preview of what you can expect on Budget Day.

In case you missed the news, you can read about a few of the initiatives we’ve already announced. 

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Next steps in our plan to address climate change

As a Government, we made it clear to New Zealanders that we’d take meaningful action on climate change, and that’s exactly what we’ve done.

Earlier today, we released our next steps with our Emissions Reduction Plan – which will meet the Climate Commission’s independent science-based emissions reduction targets, and new investments from the Climate Emergency Response Fund.

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The next steps in our plan to speed up New Zealand’s economic growth

Today, Prime Minister Jacinda Ardern announced a major package of reforms to address the immediate skill shortages in New Zealand and speed up our economic growth.

These include an early reopening to the world, a major milestone for international education, and a simplification of immigration settings to ensure New Zealand has the skilled workforce needed to build back better.

Here are the details:

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Six ways we’re reducing cost pressures for New Zealanders

Since the day we came into Government, we’ve worked hard to lift wages and reduce cost pressures facing New Zealanders. But we know the rising cost of living, driven by worldwide inflation and the war in Ukraine, is making things particularly tough right now. That’s why we’ve stepped up our efforts.

Here are just six of the ways we’re supporting New Zealanders:

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More Kiwis in work as our recovery gains momentum

Our economic recovery is gaining momentum and the latest figures show that the Government’s focus on jobs is working. We’ve delivered a record low unemployment rate as well as a steady fall in the number of New Zealanders receiving a main benefit.

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Labour's economic recovery in five graphs

Throughout the pandemic, we’ve worked hard to protect lives and livelihoods – and thanks to these efforts, our economy is now recovering faster than almost anywhere else in the world.

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Reopening to the world

We’re celebrating a big milestone this week – the return of international visitors.

New Zealand is open for business and our tourism destinations are among the world’s best.

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