New Zealand will trim government spending, provide income tax relief for families and amend the central bank's monetary policy framework to focus only on price stability, the new right-of-centre coalition government said on Wednesday. The National-led government of Christopher Luxon, which ended the Labour party's six-year rule in the Oct. 14 election, outlined policies in a speech delivered by Governor-General Cindy Kiro at the opening of the new parliament. "Overwhelmingly, the public's main concern is the high cost of living," said Kiro, who represents British monarch King Charles III as head of state.
One of the more contentious votes happening in Bismarck was once again deciding the future of the Public Employees Retirement System, also known as the PERS board.