New Zealand’s new center-right government has fulfilled its election promise by delivering a NZ$14.7 billion tax cut package in its first budget for 2024. Despite the Treasury forecasting bigger deficits and a delayed return to surplus, the government proceeded with the tax cuts. The budget also includes tax relief for average income households, providing up to $102 a fortnight starting from 31 July, and a FamilyBoost childcare support for eligible families. However, the budget has sparked significant controversy, with thousands of protesters rallying across the country and obstructing traffic, arguing that the policies erode Indigenous rights.
Thousands protested in New Zealand against the government's new budget, which critics say comes at the expense of Indigenous people. https://t.co/lN2Ic6goRb
New Zealand’s new center-right government delivered on its election promise to cut taxes in its first budget even as the Treasury Department forecast bigger deficits and a delayed return to surplus. https://t.co/CRQPfEm9Pb
Thousands of protesters took to the streets and obstructed traffic across New Zealand to protest the release of the government's latest budget. Critics say it comes at the expense of Indigenous people. https://t.co/lN2Ic6goRb
Today we delivered Budget 2024 in Parliament. A budget that delivers tax relief to hard working Kiwis. From 31 July this year, average income households will receive tax relief of up to $102 a fortnight. On top of that, eligible families will receive a FamilyBoost childcare… https://t.co/CgaJJyzPDP
The New Zealand government handed down its first full budget today, releasing details of highly anticipated tax cuts, while thousands of people rallied across the country to protest against policies considered to be eroding Indigenous rights.. https://t.co/ptCUEeBdaJ
New Zealand’s new government announces NZ$14.7 billion in tax cuts, delivering on its election promise even as the Treasury forecasts bigger deficits https://t.co/ah83Vi2AQR
New Zealand’s new center-right government delivered on its election promise to cut taxes in its first budget, with a NZ$14.7 billion tax package https://t.co/Bl0lluKPJW
New Zealand’s new government is likely to announce bigger deficits and increased borrowing in its first budget as it presses ahead with tax cuts despite weaker revenue. https://t.co/LLMtPtrtDf