The Budget is out but who’s actually better off?

Added: 2026-06-01

[00:00:00]Every budget has winners, but there are a couple of losers.

[00:00:03]>> So, I think there's a couple groups in New Zealand have been doing it really, really hard. Uh I think there's like lower socioeconomic people who can't get any more income, but can't control their costs. Second group is actually business owners, probably small business owners.

[00:00:13]So, their costs have increased dramatically over the last sort of three to four years. KiwiSaver contributions, wages, petrol, rent, rates, insurance, you name it. Small businesses, if we want this productive economy that we talk about in New Zealand wants to get ahead like it it's business.

[00:00:30]>> In the last week or so, I feel like I probably talked to about half a dozen business owners. Yeah, God that is pretty grim the chats that I was having.

[00:00:38]>> We're dealing with like liquidated companies, huge tax arrears where they just can't make enough money to get ahead of it cuz I've got so many other costs to pay.

[00:00:47]>> So, the government's claimed they're going to have this in a surplus a year earlier than forecast 2028-2029.

[00:00:53]If the economy is that longer >> Yep, you want to be financially prudent.

[00:00:57]>> If you go like actually we're a little bit ahead and we can see people are struggling, whether there's some tax incentives or like why not let it slow down a little bit to try and get, you know, the whole thing moving a little bit more.

[00:01:08]>> Yeah, I'd agree with that. Like is it sustainable to come out a year early?

[00:01:12]Is it going to put a lot of pressure, you know what it's like when you try to