The government has announced it is holding $450 million in reserve to address further shocks caused by high fuel prices amid the ongoing conflict in the Middle East.
The Budget boosts spending on curriculum changes and trade training for teens, freezes nearly all tertiary subsidies and fast-tracks a modest boost for early childhood services.
An end to the Middle East conflict, financial discipline and a return to solid economic growth are being relied on to deliver a quicker return to budget surpluses.
Students protesting the government’s decision to scrap fees free have told supporters that nothing short of a ‘‘legitimate mass movement’’ was needed to effect long-term change.
Finance Minister Nicola Willis has used her election-year Budget to preach prudence and discipline, with the books now forecast to be back in black a year earlier than picked.
Prime Minister Christopher Luxon spoke with his British counterpart Sir Keir Starmer on Wednesday night to discuss the Iran and Ukraine wars, as well as the cost of living.
The number of cases of hantavirus linked to a cruise ship at the centre of an outbreak has increased to 13, the head of the World Health Organisation has confirmed.
The search for nine people missing after a chemical tank imploded and ruptured in Washington state has moved from a rescue to a recovery effort, likely brining the death toll to 11, authorities say.
The personal assistant who injected Friends star Matthew Perry with a fatal dose of ketamine has been jailed for 41 months, the last of five people who admitted to playing roles in the actor's death.
Analysis: Trying to please everyone will prove a near-impossible task for Finance Minister Nicola Willis when she delivers her third Budget on Thursday.
International food company McCain has turned down a request from Hawke's Bay mayors asking for a pause on the factory's closure while growers try to find a solution for a possible takeover.
Home-school students and their parents say the government’s decision to delay sweeping changes is a relief after being scared they would face ‘‘a ton of bricks’’ of rules and regulations.