National's Economic Plan Fosters Growth in Hardworking Kiwis

New Zealand is making good progress in its economic growth under National's Economic Plan. The plan aims to ensure hardworking Kiwis can keep more of what they earn, get ahead, and build a more secure future.

Over the last 40 years, New Zealand has developed a productivity problem. To address this issue, National is focusing on increasing jobs and wages, as well as providing more money for local communities.

The Economic Plan includes several key initiatives: responsibly managing the books to achieve a surplus in 2028/29 and debt below 40% of GDP over time; cutting red tape and supporting innovation by replacing the RMA and ending the war on farmers; delivering world-class education with an hour a day of reading, writing, and maths, replacing NCEA, and more trades training; and building infrastructure for the future with roads, hospitals, classrooms, and energy.

The results are promising: New Zealand is now growing faster than the US, the UK, Canada, Australia, and Japan. Exports have increased by $20 billion, inflation has decreased from a 32-year high, interest rates have fallen, and 220,000 new jobs are forecast by 2030 with wages growing faster than inflation.