Live updates: All the news from budget day

The Spinoff
22 May 2025
Politics
A booklet titled "The Estimates of Appropriations for the Government of New Zealand: Economic Development and Infrastructure Sector" is surrounded by stacks of coins, labeled tickets, and a "Live Updates" sign on a blue background.

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Up-to-date reactions and analysis of the 2025 budget, as it lands.

Our Budget 2025 reporting is thanks to The Spinoff Members. The Spinoff is not backed by billion-dollar budgets or billionaires, we’re backed by you. To meet our current goal, we need 500 new members by the end of June. Please donate now. 

The government’s no-BS, not-a-lolly-scramble budget for 2025 has been revealed. You can find all the top lines here.

Follow below for all the live news and reactions as they roll in.

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