Key policies to boost economy and incomes.
Prime Minister Christopher Luxon has outlined the Government's growth agenda for 2025, focusing on lifting incomes, strengthening local businesses and creating opportunities. According to Mr Luxon, just over a year ago, the Government was elected with a mandate to change course, and since then, promising signs of success have been seen, including dropping inflation, falling interest rates, and rising wages.
Treasury's latest forecasts in the Half Year Economic and Fiscal Update predict growth will resume at 2.1 per cent in 2025. To strengthen growth and productivity, the Government plans to take action, including Fast Track reforms, comprehensive RMA reform, rewriting health and safety laws, enabling more mining and reducing red tape for farmers.
This year, the Government aims to build on early progress made to ease the cost of living and lay the foundations for a stronger economy. Mr Luxon believes this will help green shoots of recovery grow into lasting improvements that benefit all New Zealanders. The Government's goal is to unleash growth and create opportunity in 2025.