New Zealand's new government promises tax cuts, more police and less bureaucracy

abcnews.go.com:

New Zealanders can expect tax cuts, more police on the streets and less government bureaucracy, according to the three leaders who signed an agreement Friday to form a new government

WELLINGTON, New Zealand — New Zealanders can expect tax cuts, more police on the streets and less government bureaucracy, according to the three leaders who signed an agreement Friday to form a new government.

The coalition deal ended nearly six weeks of intense negotiations after New Zealand held a general election on Oct. 14.

The deal will see Christopher Luxon serve as prime minister after his conservative National Party won 38% of the vote, the largest proportion of any party.

Luxon thanked New Zealanders for their patience during the negotiations and said each party had made policy compromises to close the deal.

“Our government will rebuild the economy to ease the cost of living, and deliver tax relief to increase the prosperity of all New Zealanders,” Luxon said. “Our government will restore law and order, and personal responsibility, so that Kiwis are safer in their own communities."

The leaders agreed to make cuts to the public service and train 500 more police within two years. They also agreed to change the mandate of the nation's Reserve Bank so it focuses solely on keeping inflation low, rather than its current dual mandate to keep low inflation while maintaining maximum employment.

The deputy prime minister role will be split between the other two leaders. It will be held for the first 18 months of the election cycle by maverick 78-year-old lawmaker Winston Peters, who leads the populist New Zealand First party, before he hands the baton for the remaining 18 months to David Seymour, leader of the libertarian ACT Party.

Peters,