National Budget Reports and Expert Commentary
Introduction
Each year, Moore Markhams provides independent, expert analysis of the New Zealand National Budget, highlighting key policy changes and their impact on business, finance, and the not-for-profit sector.
Our reviews are designed to offer clear, actionable insights for CFOs, accountants, and decision-makers in medium to large enterprises.
Whether you’re looking to understand tax implications, economic outlook, or sector-specific changes, our annual reports bring together expert commentary, budget summaries, and practical guidance, all in one place.
2025 Budget
2026 Budget Summary and Full Review
The 2026 Budget sends a clear message: fiscal repair first, spending discipline second, strategic investment where it counts. This is a tighter Budget than last year’s, shaped by the realities of the Middle East fuel crisis and a weaker near-term economic outlook.
The Government has offset $3.8 billion in new spending with $1.7 billion in savings, and Treasury now forecasts a return to surplus in 2028/29, a year earlier than the December update and the first surplus in a decade.
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Hear from Our Experts
Historic Budget Analysis
How Moore Markhams Can Help
Understanding the implications of the National Budget is just the first step. Applying them to your organisation’s unique circumstances is where we add real value.
Understanding the implications of the National Budget is just the first step. Applying them to your organisation’s unique circumstances is where we add real value.
At Moore Markhams, we support clients across the full spectrum of tax, financial, and strategic advisory services. Whether you’re looking to reassess your tax strategy, adapt to regulatory changes, or plan for future investment and growth, our experts can guide you through the complexities of the evolving policy landscape.
Our services include:
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Tax Advisory – Helping you navigate budget-driven tax changes with confidence and compliance.
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Business Strategy and Structuring – Supporting financial planning in line with policy shifts.
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Kiwisaver and Retirement Planning – Advising on long-term security in light of budget updates.
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Not-for-Profit and Government Advisory – Translating sector-specific measures into strategic actions.
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Grants and Incentives Support – Identifying and applying for new government funding opportunities.
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Financial Reporting and Forecasting – Integrating policy changes into forward-looking financial models.
We help you turn budget insights into business advantage.
Speak with our advisors to explore how the latest budget measures affect your organisation.