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AAP
AAP
Ben McKay

New Zealand takes scalpel to foreign aid budget

New Zealand has slashed foreign aid to its lowest level in four years, with specific cuts to climate finance, in a move decried by the international development sector as a broken promise.

Finance Minister Nicola Willis unveiled the coalition's second budget on Thursday, with a headline deficit of $NZ14.7 billion ($A13.5 billion).

Budget documents show official development assistance (ODA) spending dropping from $NZ1.1 billion last year to $NZ999 million this year, its lowest level since 2021.

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