Foreign Minister Winston Peters confirmed today that Vote Foreign Affairs in Budget 2024 will balance two crucial
priorities of the Coalition Government.
While Budget 2024 reflects the constrained fiscal environment, the Government also recognises the critical role MFAT
plays in keeping New Zealanders safe and prosperous.
“Consistent with the central role of the Pacific in the Government’s foreign policy reset, Budget 2024 provides nearly
$60 million in capital and operational investment for the necessary renewal of New Zealand’s diplomatic post
infrastructure in the Pacific.
“Given the legacy of exploding debt and budget deficits across the Government’s books under our predecessors, we have
found $15 million in savings per year in Vote Foreign Affairs from back-office efficiencies and lower priority
activities to play our part in turning around the country’s fiscal position – for a total of $60 million across the
forecast period,” says Mr Peters.
“Under new Board leadership, we are also turning around the serious fiscal risks we inherited on the stalled Scott Base
Redevelopment project, reducing taxpayer liability for what remains a significant project of national interest,” says Mr
Peters.
“The balance struck in this year’s budget is between risk and opportunity and between back-office savings and front-line
investment. Its emphasis on fiscal savings and risks is entirely appropriate while we review the Ministry’s overall
operations, including our overseas diplomatic network in the coming months to better align it to the Coalition
Government’s foreign policy priorities and opportunities to seriously lift our export performance over the coming
decade.
“MFAT will also be benchmarking its diplomatic reach against countries we compare ourselves to, as New Zealand more
effectively advances our economic and security interests internationally,” said Mr Peters.