New Zealand PM Luxon:
- Budget 2025 net capital allowance is NZ$4 bln vs prior estimate of NZ$3.6 bln
- Total capital expenditure allocation in Budget 2025 is NZ$6.8 bln
- Sharp deterioration of financial markets in early April have somewhat recovered but markets remain volatile
- International environment clearly matters a lot but I remain confident about our recovery
Christopher Luxon
