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NZ Budget 2025: economic forecasting is notoriously difficult, but global uncertainty is making it harder

  • Written by Michael Ryan, Lecturer in Economics, University of Waikato
NZ Budget 2025: economic forecasting is notoriously difficult, but global uncertainty is making it harderJavier Ghersi/Getty Images

This year’s budget will be one of the tightest in a decade, with the New Zealand government halving its operating allowance – the new money it has available to spend – from NZ$2.4 billion to $1.3 billion.

The cut reflects weaker than expected growth owing to global economic turmoil. It also highlights...

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