NZ budget targeting foreign investment and defence
New Zealand has announced millions of dollars in its budget to attract foreign investment as overseas trade drives its economic recovery.
Within the budget, there is $6.2 billion of new spending, made up of $4.8 billion from cuts and reprioritisation.
There’s a huge push to attract foreign investment with tax incentives for businesses to invest in assets like machinery and equipment, expected to lift GDP by one per cent.
