New Zealand witnessed the announcement of a new coalition government comprising the National Party, ACT New Zealand party, and New Zealand First party, following extensive negotiations among the political parties.
During the signing ceremony at Parliament, Christopher Luxon, the leader of the National Party and the incoming Prime Minister, expressed confidence in the stability and effectiveness of the newly formed coalition government. Luxon emphasized its commitment to delivering for all New Zealanders.
Under the coalition agreement, Winston Peters, leader of NZ First, will serve as Deputy Prime Minister for the first half of the three-year parliamentary term, followed by David Seymour, leader of ACT, taking up the position for the second half. Peters is set to assume the role of Foreign Minister, while Seymour will focus on evaluating the quality of regulations as the Minister for Regulation.
The 20-member cabinet will comprise 14 National ministers, three ACT ministers, and three NZ First ministers, with Nicola Willis from the National Party appointed as the finance minister.
The swearing-in ceremony for the new government is scheduled for November 27, marking a transition from the Labor Party's six-year tenure.
Luxon expressed optimism about the future under the new government, citing plans to alleviate the cost of living, introduce tax relief, reinforce law and order, and enhance public services, despite the challenging economic environment.
The recent general election held on October 14 saw the National Party emerge victorious. However, without any party securing a majority of seats, the formation of the new government relied on interparty negotiations to establish a coalition.
New Zealand adopts the Mixed Member Proportional voting system, typically leading to the formation of government by multiple parliamentary political parties in collaboration.
(With Agency Inputs)
ALSO READ | Israeli Defence Minister Anticipates Minimum 2 More Months of Conflict Against Hamas
ALSO READ | Gaza Death Toll Climbs, Surpassing 14,800 Amid Ongoing Conflict
