New Zealand budget to focus on cost-of-living support, economy: PM ...Middle East

WELLINGTON: New Zealand Prime Minister Chris Hipkins said on Thursday that the budget to be announced next month will focus on cost-of-living support, cyclone recovery, and investments in skills, science and technology, and infrastructure to propel economic growth.In a pre-budget speech in Auckland, Hipkins said the government has ruled out a specific cyclone levy in the upcoming Budget to pay for the recovery from the Auckland floods and Cyclone Gabrielle in the first two months of the year, which killed at least 11 people in the North Island and caused 9 to 14.5 billion NZ dollars (US$8.89 billion) of asset damage.The costs of the recovery will be largely met within the Budget’s operating

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