New Zealand's Finance Minister Willis Presents Budget

WELLINGTON, NEW ZEALAND - MAY 22: (L-R) Deputy Prime Minister and NZ First Leader Winston Peters, Associate Minister of Finance Chris Bishop, Minister of Finance Nicola Willis, ACT leader and incoming Deputy Prime Minister David Seymour and Prime Minister Christopher Luxon walk to the house during Budget Day 2025 at Parliament on May 22, 2025 in Wellington, New Zealand. New Zealand's 2025 Budget was presented by Finance Minister Nicola Willis, with a strong focus on economic growth, productivity, and tighter government spending amid slower economic conditions. Key pre-announced initiatives include increased funding for defence, rail infrastructure, film production, and social investment, while overall baseline spending is set to be reduced and the government aims to return to surplus by 2029. (Photo by Hagen Hopkins/Getty Images)