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The Budget and why it matters: What you need to know © RNZ / Vinay Ranchhod Explainer - The Budget is approaching. From the way politicians, journalists, pundits and businesspeople talk it s like a secret society having the party of the year, but surely it s just numbers and columns? What actually is it? Is it really that important? Can I even do anything about it? RNZ is here to clear it all up. What is the Budget? In simple terms, the Parliamentary Budget (with a capital B) is just like a household budget (lower case b) on a larger scale. It s an assessment of how much money the government has - taking into account debt, and income from tax and other things - and sets out the things the government plans to spend that money on.

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