Debt and spending targets

National proposes a return to surplus in 2028/29, debt below 40% of GDP over time and core Crown expenditure declining towards 30% of GDP. These are fiscal targets, not recorded outcomes.

Party

National

Recorded status

Published proposal; selected measures, implementation not verified

Publication date

Not dated by publisher; observed in 2026

Recorded review date

1 October 2026

Year basis

Current position observed in 2026; this is the year checked, not a claimed first publication date.

Other recorded years

• 2023: Tax package and proposed funding measures
• 2017: Infrastructure partnerships
• 2020: Debt target and temporary tax reductions
• 2026: Tax and fiscal commitments
• 2026: Grocery competition proposal
• 2026: KiwiSaver contributions and enrolment
• 2026: Paid parental leave and holiday pay
• 2026: Visitor levy distribution
• 2026: Commercial building consent changes
• 2026: Trade negotiations and export support
• 2026: South Island infrastructure programme
• 2026: Council rates target and oversight