Next year most people will be financially better off. It will pay more to work due to cuts in income tax, and measures on purchasing power will prevent a rise in poverty. The government will also invest heavily in our security, and the budget will absorb the recent financial setbacks concerning tax on income from savings and investments (‘box 3’) and the extra money paid under the scheme to provide redress to parents affected by the serious failings in the childcare benefit system. The budgetary frameworks and fiscal rules for this government’s term in office have been put in place. This represents a return to fiscal discipline by the government. These matters and more are addressed in the Budget Memorandum and the 2025 Tax Plan which the Minister of Finance, Eelco Heinen, and the State Secretary for Tax Affairs and the Tax Administration, Folkert Idsinga presented today – also on behalf of the State Secretary for Benefits and Customs, Nora Achahbar – to the House of Representatives.