Economists warn that Budget 2023 may lead to further interest rate increases.

This year's Budget was focused around cyclone recovery, infrastructure, and the ongoing cost of living, all of which are expected to cost taxpayers  $11.5 billion over four years.

ZB's Chief Political Reporter Aaron Dahmen says it'll be interesting to see how the Reserve Bank reacts with next week's OCR decision.

"We'll see how Adrian Orr responds to that come Wednesday, but it's fascinating when you look at this Budget. When we sat there, going through the document realising- it's an election year, but it doesn't seem like an election year budget."

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• Breaking down Budget 2023
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• Budget 2023: Robertson says Treasury figures show NZ economy will avoid recession