New Zealand’s new right-of-centre government was sworn in on Monday, with parliament expected to sit next week and begin working on new policies including a new central bank mandate and lifting a ban on oil and gas exploration.
The center-right National Party signed a deal to form a coalition government with the classic liberal party ACT and the populist New Zealand First party on Friday, almost six weeks after holding a general election.
Under the agreement, Luxon, a former airline executive, will serve as prime minister from Monday, alongside New Zealand First leader Winston Peters as foreign minister.
Peters and the ACT’s David Seymour will share the role of deputy prime minister, with the New Zealand First leader handing over the baton halfway through the parliamentary term.
The coalition’s manifesto includes pledges to cut personal income taxes, train 500 more police within two years, and rewrite the central bank’s mandate to focus solely on keeping inflation low.
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