Budget 2026 Will 'Uphold Credibility'
Prime Minister Christopher Luxon recently addressed the New Zealand Institute of International Affairs. He spoke about what this week’s Budget will look like. Here’s some of the key points.
Federated Farmers says the Government’s latest investment in road resilience is a positive step toward protecting rural communities and freight routes from increasing severe weather events.
Mark Hooper, Federated Farmers' infrastructure spokesperson, says additional funding for vulnerable rural roads has long been needed.
"Federated Farmers has been calling for more funding for rural roads and key regional freight and access routes," Hooper says.
Transport Minister Chris Bishop and Finance Minister Nicola Willis say communities vulnerable to severe weather and natural hazards will benefit from major new investments announced in Budget 2026.
“The Budget invests in stronger infrastructure, better hazard information, smarter emergency management systems, and improved financial preparedness,” Nicola Willis says.
“We can’t stop severe weather events from happening, but we can be much better prepared for them," she says.
Chris Bishop says funding of $400 million has been set aside for state highway resilience projects to help keep critical routes open during and after severe weather events.
“We know where many of the weak points on the network are," Bishop says. "This investment allows us to strengthen them before roads fail, rather than repeatedly paying to rebuild them afterwards."
Projects funded through the resilience package include improvements on:
“These are roads that communities, freight operators and tourists rely on every day. When they close, the impacts are felt far beyond the immediate area," Bishop says.
Hooper says investing in preventative resilience measures is more cost-effective than repeatedly repairing infrastructure after floods and storms.
"This is in line with the truism that ‘a stitch in time, saves nine’. Building in better resilience ahead of the next flood or storm makes sense," he says.
"We can’t continue to see communities like the East Coast or Golden Bay cut off every time a major rain event occurs."
Ultimately, however, if experience shows a route or piece of public infrastructure continues to be highly vulnerable to weather events, investigation and funding of alternatives is needed.
"The cost of repeated highway and rural road patch-ups quickly mount.
"As the Infrastructure Commission has pointed out, New Zealand needs an agreed, prioritised 30-year pipeline of infrastructure upgrading to build and retain a skilled workforce," Hooper concludes.
Federated Farmers says the Government’s latest investment in road resilience is a positive step toward protecting rural communities and freight routes from increasing severe weather events.
The stockfood storage capacity of J Swap Stockfoods continues to grow in the South Island with the opening of a new store that boosts its capacity in Christchurch and work starting on another store in Southland.
Fonterra has lifted and narrowed its full year forecast earnings range to 60-70 cents per share after a strong quarter, supported by robust milk production, strong shipment volumes and continued demand across its Ingredients and Foodservice businesses.
Fonterra has announced it will continue with the planned expansion of its organic business into the South Island.
New Zealand farmers have been told they all have amazing people on their farms and have been urged to be “that one person” that can make a huge difference to those going through tough times.
OPINION: For thousands of Southland farmers, this week would have tipped them into the non-compliant category when it comes to following regional freshwater plan rules. But the Government has stepped in to give them the clarity they deserve.