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Arapono is an independent platform. All information is sourced from official NZ government and electoral sources. We are not affiliated with any political party.

All parties on Economy
Economy · Party position

NZ First on Economy

Cut costs, balance books, boost wages and investigate big business

NZ First says it will balance the government's budget and cap spending to help bring down inflation and interest rates. It wants to investigate supermarkets, banks, and power companies for overcharging. It plans to make the lowest income tax bracket tax-free, look at lifting the minimum wage to at least $25 an hour, limit the time people can be on a jobseeker benefit, and build more infrastructure through a new infrastructure bank and energy ministry.

What they say they'll do

  • Cap total government expenses at $165bn and core expenses at $133bn to reach a budget surplus
  • Make the lowest income tax bracket ($14,000) tax-free by 1 April 2027
  • Investigate supermarkets, banks, and power companies for overcharging and monopoly behaviour
  • Explore lifting the adult minimum wage to at least $25 an hour via business tax concessions
  • Limit the JobSeeker WorkReady benefit to a two-year lifetime entitlement
  • Establish a New Zealand Infrastructure Bank and a Regional Productivity Growth Fund to support business investment

Who this affects

Wage earners
The proposal to make the first $14,000 of income tax-free would mean workers keep an extra $28.27 per week according to the party.
Low-paid workers
The party says it will explore raising the adult minimum wage to at least $25 an hour by giving businesses a tax concession to cover the cost.
Benefit recipients
People receiving the JobSeeker WorkReady benefit would have their entitlement capped at a lifetime maximum of two years under this policy.
Mortgage holders and KiwiSavers
The party says it will look at allowing KiwiSavers to use savings above a certain level to pay down their mortgage, based on a Singaporean model.
Supermarket shoppers
The party says it will require supermarket chains to sell off their distribution centres and cool-stores to increase competition and lower grocery prices.
Small and regional businesses
A Regional Productivity Growth Fund would focus on infrastructure like roads, water, power, and internet to help businesses in the regions grow and invest.

In their own words

“Balance the budget to take the heat off interest rates and inflation. Use policies to get our economy out of the red and back to black responsibly”
“NZ First will legislate to make the lowest tax bracket (currently $14,000 pa) of income tax-free no later than 1 April 2027; providing an extra $28.27 a-week for workers.”
“Foreign owned banks, supermarkets, and energy 'gen-tailers' will face a full scale pricing and monopoly investigation, as they have in other countries”
Verify at NZ First — official policy page

Summarised neutrally from NZ First’s own official policy (as at 2026-06-22) and checked by an editor. Nothing is paraphrased without the source linked. Read the original ↗ Arapono is non-partisan. Compare all parties on Economy →

In depth — from NZ First’s policy document

A KiwiSaver Generation: enrolment at birth

NZ First would make KiwiSaver enrolment automatic at birth, with an immediate $1,000 Crown contribution for New Zealand citizens only — a once-per-lifetime payment meant to compound for decades. It is designed to work with their existing campaign policy of compulsory KiwiSaver across the workforce, with employee and employer contributions rising to 8 percent and eventually 10.

Enrolment
Compulsory at birth
Crown contribution
$1,000
In depth — from NZ First’s policy document

Breaking up the supermarket duopoly

NZ First would legislate to split Foodstuffs into two nationwide cooperatives by brand — New World and Four Square in one, Pak’nSave in the other — putting both in direct competition with Woolworths. Commerce Commission penalties would rise to match Australia’s, the Grocery Commissioner would gain power to investigate, make binding decisions and impose penalties, and a new industry-rules framework under the Commerce Act 1986 would allow faster targeted action on the path from farm to shelf.

Market share
Over 80%
Excess profits
~$1m a day
In depth — from NZ First’s policy document

Returning 50% of mining royalties to the regions

Half the royalties from any mine would stay in the region it came from rather than going to Wellington, earmarked for local infrastructure and services. Around that sits a wider mining package: new zones with clearer rules on where mining may happen, longer permits covering the full life of a mine, a reined-in role for DOC and other agencies, a modern geological survey of what is underground, and the reopening of the School of Mines.

Royalty share
50% to the region
Permits
Longer
Mining zones
In depth — from NZ First’s policy document

Buying back the BNZ to build a New Zealand owned bank

NZ First would buy the Bank of New Zealand back from National Australia Bank and merge it with Kiwibank to form the National Bank of New Zealand — fully Crown owned, commercially run, and big enough to compete with ANZ, ASB and Westpac. It would not come out of the operating budget: the funding stack is a sovereign banking bond, long-dated Crown debt, a limited tranche of Future Fund and ACC money, and Kiwibank’s existing capital.

The plan
Buy back BNZ
Merged with
Kiwibank
Australian-owned share
In depth — from NZ First’s policy document

A Special Economic Zone at Marsden Point

A Special Economic Zone covering the former refinery and Northport, focused on energy and maritime activity including a new drydock for ship repairs. Its principal feature is relief from planning regulation and the RMA: instead of councils, DOC and other agencies, consents would be decided quickly by a government expert panel judging whether a proposal grows the economy. Changes to overseas investment rules and a range of tax incentives are under consideration.

Where
The former refinery and Northport
Focus
Energy and maritime
Principal benefit
In depth — from NZ First’s policy document

The Kiwi Kids Grant

A universal, non-means-tested payment of $5,000 a year for each of a family’s first three children, through each child’s first three years, tax free and paid monthly through IRD. One parent must be a New Zealand citizen. It would sit on top of existing support and is costed at $400 million a year by year three. The case made for it is demographic: a falling citizen birthrate that NZ First argues cannot be solved by migration.

The grant
$5,000 a year
Children covered
The first three
Eligibility
Who gets the money
NZ citizens only
Read the full breakdown3 sections · 3 quotes · 6 open questions
The split
Foodstuffs into two
Read the full breakdown4 sections · 4 quotes · 6 open questions
New and clearer
Read the full breakdown6 sections · 4 quotes · 6 open questions
~85%
Read the full breakdown4 sections · 4 quotes · 6 open questions
Relief from the RMA
Read the full breakdown5 sections · 4 quotes · 6 open questions
One parent a citizen
Read the full breakdown4 sections · 4 quotes · 6 open questions

Coverage at a glance

Which party holds a published position on which topic.

Open the compare tool →

Swipe across to see all 11 topics — the party column stays put.

PartyEconomyHousingHealthEducationClimateEnvironmentCrime & JusticeTreaty & Māori AffairsImmigrationForeign PolicyDemocracy & Government
National
Published position∅ No stated position (verified) Not captured yet
∅
Labour∅∅∅∅∅∅
Green
ACT
NZ First
Te Pāti Māori
TOP
Also contesting, without seats in Parliament
Women’s Rights
Animal Justice
ALCP
Conservative
Outdoors & Freedom
Vision NZ
Alliance
Free Palestine
NZ Loyal∅
Te Tai Tokerau∅