New Zealand gov't unveils budget for 2025 to drive recovery

NAMPA / Xinhua

2025-05-22

WELLINGTON, May 22 (Xinhua) -- The New Zealand government released Budget 2025 on Thursday, calling it a responsible plan to boost economic recovery, tackle rising living costs, and strengthen essential services without raising taxes or borrowing more. "The government's economic plan is working. By stopping wasteful spending, inflation is down from 7.3 percent to 2.5 percent and mortgage interest rates are falling," said Prime Minister Christo......

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