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What new operating or capital funding allocated to the Ministry of Foreign Affairs and Trade in Budget 2026, if any, will be used to restore climate finance reduced in the 2025/26 financial year, and what is the value of any such restoration?

Answered Question 25363 (2026)
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Asked by

Vanushi Walters

List MP · Labour Party

Question

  • What new operating or capital funding allocated to the Ministry of Foreign Affairs and Trade in Budget 2026, if any, will be used to restore climate finance reduced in the 2025/26 financial year, and what is the value of any such restoration?

Answered by

Rt Hon Winston Peters

List MP · NZ First · Minister of Foreign Affairs

Answer

Budget 2026 contained NZ$109.8 million in Crown and departmental funding to increase New Zealand’s development and humanitarian assistance to the Pacific and Indo-Pacific for the 2027-30 triennium, including for climate change. Programming for the new funding received in Budget 2026 will be driven by the Ministry’s strategic planning process for the new triennium, which will confirm the geographic balance and thematic priorities for the International Development Cooperation Programme. No decisions have been made yet on the level of funding that specific countries, programmes or thematic priorities will receive for the 2027-30 triennium.