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Willis Targets Budget Surplus by 2028-29 Despite Costs

By Drooid · Sep 29, 2026, 11:49 PM UTC · How we work

Summary

Story summary

Finance Minister Nicola Willis said the government will aim for a budget surplus by 2028-29.
Willis warned superannuation and finance costs could take 28% of tax revenue by the decade’s end.
She said the National Party will gradually raise the superannuation eligibility age while seeking NZ First consensus.
Willis called Labour’s exclusion of the $11 billion pay-equity cost from the budget an “act of fiscal fraud.”

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Story summary

Finance Minister Nicola Willis said the government will aim for a budget surplus by 2028-29.
Willis warned superannuation and finance costs could take 28% of tax revenue by the decade’s end.
She said the National Party will gradually raise the superannuation eligibility age while seeking NZ First consensus.
Willis called Labour’s exclusion of the $11 billion pay-equity cost from the budget an “act of fiscal fraud.”