National's new budget rules to balance the books 09.08.2026

The National Party has announced a new set of fiscal rules designed to restore discipline to government spending and return the budget to surplus. Finance Minister Nicola Willis and Prime Minister Christopher Luxon outlined the framework, which includes a strict limit on new spending and a commitment to reducing net debt as a share of the economy. The rules are intended to provide a clear, transparent framework for fiscal management, ensuring that any new spending is offset by savings or revenue increases.

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