New Zealand's centre-right National Party led by Christopher Luxon will form a new government with its preferred coalition party ACT, as Prime Minister Chris Hipkins conceded his Labour Party could not form a government after Saturday's general election, APA reports citing Reuters.
The National Party, now in opposition, had 39% of the votes with 92% counted, while the ACT party had 9%. That would give the two parties enough seats to form a government, according to the Electoral Commission.
"On the numbers tonight National will be in the position to lead the next government," Luxon, a former executive who once ran Air New Zealand and entered politics just three years ago, told supporters in Auckland.
"We will make this an even better country."
National won over voters by promising relief for struggling middle-income New Zealanders, and to bring historically high inflation under control while reducing the country's debt.
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