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New Zealand’s government on Thursday outlined a soft economy, rising unemployment and a weaker balance sheet as it delivered modest tax relief but lowered new spending and faced criticism for neglecting the country’s Indigenous population. “This budget won't fix all of New Zealand's economic challenges on its own and there is much more to do, but it does show what is possible with care and discipline,” New Zealand Finance Minister Nicola Willis said in her inaugural budget statement. Since being elected last October, the centre-right coalition government has faced a worsening economic situation with New Zealand now in a technical recession and domestic inflation remaining stubbornly high.

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