19 May 2023

No frills, bread and butter: Grant Robertson on Budget 2023

From Nine To Noon, 9:08 am on 19 May 2023
Finance Minister Grant Robertson before announcing Budget 2023.

Photo: RNZ // Angus Dreaver

The bread and butter, no frills budget which will see spending of nearly $11.5 billion more of taxpayers' money over four years; $1.9b from the climate response fund, $6b for the National Resilience Plan, including to address the newly released Infrastructure Action Plan.

Families with young children get extended childcare and free public transport, prescription charges have been scrapped, funding for 500 more nurses and more money will be poured into the country's flood battered infrastructure.

Treasury meanwhile now says a recession may not happen, with an expectation of modest growth over the coming year, with inflation coming down, albiet slower due to the cyclone rebuild.

Finance Minister Grant Robertson says he's struck the balance between providing relief from the sharp cost-of-living rise,  without worsening inflation.