New Zealand retailers have expressed support for tax cuts in the upcoming budget, hoping they would boost consumer confidence.

“We are pleased to hear that 83 per cent of Kiwis will see some tax relief in the upcoming budget to be announced by Finance Minister Nicola Willis on May 30,” said Carolyn Young, Retail NZ CEO.

Willis, speaking to the Hutt Valley Chamber of Commerce, said that the tax cuts will be targeted to mid-to-low-income workers.

“The indications of targeted focus, including investment in police, is critical to fight the current wave of retail crime so we will be looking forward to hearing more about this,” said Young.

Earlier, Worldline NZ said consumer spending slightly fell in April, with only food and liquor stores witnessing a 3 per cent sales growth.