Prime Minister John Key has promised a record investement in health, education and more support for businesses to create jobs on the back of a growing economy.
"Our eighth Budget shows rising surpluses and falling debt, with the economy forecast to grow at 2.8 per cent over the next five years on average through to 2020,'' Mr Key said.
"This means more jobs and higher incomes and more capacity for the Government to support New Zealanders through better public services and a more confident and prosperous country.
"As our economy continues to grow we now have choices we simply did not have eight years ago. Budget 2016 embraces those choices by investing in New Zealand's future."
Mr Key said the focus of Budget 2016 remains on achieving better results for Kiwis and their families from almost $80 billion in existing spending, and ensuring that new spending is directed where it will make a real difference.