Finance Minister Nicola Willis is preparing to deliver her first Budget on Thursday.
From tax cuts to public service slashing and defence, here's what we know about the Budget so far.
Deficit
Willis revealed in her pre-Budget speech a deficit of about 1.5 percent of gross domestic product was expected.
"Structural deficit is a technical term. More colloquially, we’re borrowing to pay for the groceries," she said.
"That is not sustainable in the long term as it requires continual borrowing to cover expenses, leading to a never-ending debt spiral."
Prime Minister Christopher Luxon has said the Government planned to reduce borrowing and get "the books back in order".
Welfare
So far, the Government has introduced work seminars for jobseeker beneficiaries - threatening sanctions for those who don't attend.
The Government said it's also moving ahead with the National Party's FamilyBoost policy from July 1, featuring a tax rebate of up to $75 per week on the cost of childcare - with the actual amount received determined by the family's income.
Willis confirmed the policy's go-ahead in March, saying families were "struggling with high housing, food and childcare costs".
"One of our priorities is to support families to get ahead by helping them with the high cost of living, including help for those bearing the brunt of childcare costs," she said at the time.
"Parents should start collecting invoices from July 1, so they can begin to apply and be refunded from October 2024."
Cost of living
The National Party's controversial tax cuts plan was also central to its election campaign.
Luxon recommitted to the tax relief in his pre-Budget speech earlier this month, insisting on providing cost of living support to "low- and middle-income families".
But all eyes will be on how the Government plans to pay for the cuts, given a big chunk of the relief was supposed to be funded by a foreign buyers' tax - which was killed during Coalition negotiations between National and New Zealand First.
Transport
Earlier this year, the Government announced a plan to invest $7 billion in transport in the next three years.
The catch? The Coalition also proposed the collection of an extra $50 from car registration fees by 2026.
Luxon's Government also agreed to a 22-cent fuel tax hike in the next parliamentary term - but none in the next three years.
Health
Pressure is mounting on the Government to commit more money to the health system amid ongoing staffing shortages gripping GPs and hospitals.
The Coalition has committed $6.3 billion to Government drug-buying agency Pharmac in the next four years, while also promising to pay for 13 new cancer treatments available in Australia and not New Zealand.
Last week, the Government announced the Budget would include $24 million over four years for better access to mental health services for young New Zealanders.
Defence
The Government is committing more than $500 million to the New Zealand Defence Force (NZDF) to improve pay and upgrade dated equipment.
Of the funding, $163 million will go to improving remuneration for personnel and $408 million to upgrading equipment and infrastructure.
The extra funding includes $99 million of savings in the NZDF budget due to the Government's public service cuts.
It was one of the agencies excluded from overall public service spending restrictions but was instead asked to find 6.5 percent of savings in its back offices and siphon it to the frontline.
Education
Last week, Luxon's Government announced it would spend almost $53 million on recruitment drives aiming to boost the teaching workforce by 1500.
Dozens of schools will also be converted to charter institutes in the next couple of years.
As for school lunches, they're set for an overhaul - with the Government set to introduce a cheaper model from next year.
Housing
The Coalition has confirmed landlords will again be able to deduct interest costs on their mortgages against rental income after the previous Labour Government phased it out.
It's also announced the funding of 1500 new social housing places - but it comes at a cost of $140 million and the immediate scrapping of first home grants.
