Finance Minister Steven Joyce outlines his budget plan to journalists and analysts on Thursday, May 25, 2017, in Wellington, New Zealand. The budget will reduce taxes for most families, saving them an average of 26 New Zealand dollars ($18) a week. The nation’s economy has been growing at an annual rate of about 3 percent, thanks to increases in tourism and immigration. The budget plan comes as the National Party seeks to win a fourth consecutive three-year term during September elections. Opposition leader Andrew Little said the budget plan amounted to an irresponsible election bribe.

Source: Washington Post May 25, 2017 02:34 UTC