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Were draft versions of the Budget Economic and Fiscal Update circulated that included the updated scenarios for potential fiscal costs of purchases of offshore mitigation to contribute to New Zealand’s Nationally Determined Contributions under the Paris Agreement?

Answered Question 20665 (2026)
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Asked by

Chlöe Swarbrick

Member for Auckland Central · Green Party

Question

  • Were draft versions of the Budget Economic and Fiscal Update circulated that included the updated scenarios for potential fiscal costs of purchases of offshore mitigation to contribute to New Zealand’s Nationally Determined Contributions under the Paris Agreement?

Answered by

Hon Nicola Willis

List MP · National Party · Minister of Finance

Answer

The draft versions of the Budget Economic and Fiscal Update (BEFU) that I received included substantively the same content related to Nationally Determined Contributions as the final published BEFU. One draft I received referred to the Treasury's intention at that time to publish updated scenarios for the costs of offshore mitigation alongside the BEFU.