Our work in 2023/24 | Ā mātau mahi i te 2023/24

Over the last year, New Zealand has experienced cooling economic conditions, increasing unemployment, a weakening job market, an increasing cost of living and increasing net migration. Treasury is forecasting that unemployment will continue to rise to a peak by the end of 2024 as demand for labour continues to reduce.

This section describes how we have worked towards achieving each of our three outcomes in 2023/24. These outcomes are:

• New Zealanders participate positively in society and reach their potential
• New Zealanders get the support they require
• New Zealanders are resilient and live in inclusive and supportive communities.

This section also outlines our work to deliver to the Government’s priorities, including targets and fiscal sustainability.