WorldPosted at: May 30 2024 2:36PM


New Zealand releases Budget 2024

Wellington, May 30 (UNI) The New Zealand government released Budget 2024 on Thursday, with savings across the public sector being reinvested in frontline services such as healthcare, schools, and police, as well as tax reductions.
The tax package in Budget 2024 is fully funded from savings and other revenue measures, which means it will not add to debt or inflation, said Prime Minister Christopher Luxon.
Tax relief will give the average-income household up to 102 NZ dollars (62.18 U.S. dollars) per fortnight, plus childcare payments of up to 150 NZ dollars (91.44 dollars) for eligible families, Luxon said.
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