Christopher Luxon: Prime Minister on the savings and tax cuts in the upcoming 2024 Budget

Published: May 27, 2024, 8:22 p.m.

The level of the public service cuts needed to fund the Government\u2019s tax cuts is becoming clear with more than 240 programmes scaled down or scrapped in Budget 2024.\xa0

Finance Minister Nicola Willis also revealed yesterday the Government\u2019s drive to reduce public service spending could lead to 3900 job cuts, comprising about 2750 currently filled roles and about 1150 vacancies.\xa0

The Prime Minister says the Budget will deliver what they've been promising. \xa0

The coalition Government will release its first Budget this Thursday. \xa0

Christopher Luxon told Mike Hosking that it includes stopping wasteful spending to generate savings, and more money for frontline health, education, and law and order. \xa0

He says there's also tax relief for low and middle income working New Zealanders, which is important as it's been 14 years without tax relief and any adjustment to the tax thresholds.\xa0

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