Finance Minister Grant Robertson has revealed the new Labour-led Government's first Budget, describing it as "the first steps in a plan for transformation".
In announcing the Budget, he outlined the focus of the Government on health, education and housing.
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Mr Robertson said the Budget was "a transformation of our economy, a transformation of public services, a transformation of the way that we work together to improve the lives of all New Zealanders."
He pointed out the Government's budget would have different priorities than that of the previous National government.
"We are committed to being responsible - not just fiscally, but socially and environmentally," Mr Robertson said.
The Government will also make forward-thinking decisions for the economy and the environment, he vowed, saying it was committed to "making a just transition to a more sustainable, low-carbon economy."
The Finance Minister received a round of applause from half the Caucus when he took a dig at the former National government's approach on the economy.
"We are determined to turn the page on the ideology of individualism and a hands-off approach to the economy that has left far too many people behind," he said.
The new Budget will offer all New Zealander access to high-quality public services, Mr Robertson said.