Election year:
2023
Political party:
Act
Associated politicians:
Policy:
Economy
- Set an explicit target for New Zealand to be in the 10 fastest-growing economies in the OECD.
- Lowers net core Crown debt every year. While ensuring operating deficits in 2023/24, 2024/25 and 2025/26 are smaller than forecast, with a larger surplus in 2026/27.
- Creates a more competitive tax system that encourages work, savings, and investment. By 2027/28, we will have flattened and simplified the income tax system, with three rates instead of five, and a top rate of 33%.
- Reduces the number of public servants and removes whole departments that add no value for the public.
- Pays good teachers more and pay the best teachers a lot more with the Teaching Excellence Reward Fund.
- Protects New Zealand and its allies by increasing defence spending to 1.5% of GDP, with a long-term target of reaching 2% by 2030.
- Read more here