New Zealand's Finance Minister says the government is to overhaul public service and target savings of NZD 2.4bln over the next four years, and will aim to lower government jobs to 55,000 by mid-2029 from 65,000 in 2023

The announcement from New Zealand's Finance Minister regarding a significant overhaul of public services and targeted savings of NZD 2.4 billion reflects a strong commitment to fiscal discipline. Reducing government jobs to 55,000 by mid-2029 indicates an effort to streamline operations and could suggest broader economic reforms that may impact growth outlook and public sector spending.