New Zealand's Finance Minister Willis Presents Budget

WELLINGTON, NEW ZEALAND - MAY 22: Minister of Finance Nicola Willis delivers the budget while Prime Minister Christopher Luxon looks on 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)