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Budget 2026: Health and infrastructure key priorities

Author
Newstalk ZB,
Publish Date
Thu, 28 May 2026, 2:04pm
Photo / 123rf
Photo / 123rf

Budget 2026: Health and infrastructure key priorities

Author
Newstalk ZB,
Publish Date
Thu, 28 May 2026, 2:04pm

Infrastructure and health are the big priorities in this year's Budget, as banks face a new levy, and cuts take shape.

Finance Minister Nicola Willis has unveiled Budget 2026.

Senior political reporter Azaria Howell has the details.

There are no specific cost-of-living payments or Budget sugar hits - but Finance Minister Nicola Willis promises spending initiatives will create thousands of jobs.

Books are set to return to surplus earlier than expected.

The Budget's supporting record health funding - of $34.2 billion dollars in the 2026/27 financial year.

From September, the bowel cancer screening age will lower from 58 to 56.

$2.3 billion dollars of savings over five years will be found through public sector job cuts and slashing Government agency spending.

A levy's being placed on banks and deposit takers from mid 2027 - estimated to bring in around $209 million dollars over four years into the Government's books.

Funding's going to major hospital and school property upgrades - including buying land for a new hospital in South Auckland.

Places in trades training are doubling as fees free university gets axed, as more millions are secured for a curriculum rollout.

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