The Prime Minister says voters shouldn't expect any big election promises this year, as the Government looks to keep the books in order.

Chris Luxon's given his State of the Nation speech in Auckland before 600 business leaders.

Luxon declared the economic recovery is here, and pointed to Kiwisaver, RMA and education reforms as this year's policy planks.

NZ Herald political editor Thomas Coughlan says the Government's dialled back the rhetoric this time round, as part of a 'low risk, low reward' strategy.

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