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Budget 2016

Treasury sees surpluses rising to NZ$8.5 bln by 2021; English increases capital spending allowance by NZ$5.4 bln over 4 years; Borrowing programme increased; Debt repayment and quake rebuild priority over tax cuts
8th Dec 16, 1:42pm
16
Treasury sees surpluses rising to NZ$8.5 bln by 2021; English increases capital spending allowance by NZ$5.4 bln over 4 years; Borrowing programme increased; Debt repayment and quake rebuild priority over tax cuts
John Key and Bill English say pre-election tax cut option still open despite Kaikoura rebuild costs; Key sees NZ$8-9 bln surpluses by 2019/20 so Kaikoura rebuild costs of NZ$2 bln 'not material'; HYEFU may be delayed
21st Nov 16, 11:02am
43
John Key and Bill English say pre-election tax cut option still open despite Kaikoura rebuild costs; Key sees NZ$8-9 bln surpluses by 2019/20 so Kaikoura rebuild costs of NZ$2 bln 'not material'; HYEFU may be delayed
Finance Minister says Government has strong enough balance sheet to borrow billions of dollars needed to rebuild infrastructure around Kaikoura; says "funding is not an issue", although some other projects could be delayed
15th Nov 16, 4:05pm
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Finance Minister says Government has strong enough balance sheet to borrow billions of dollars needed to rebuild infrastructure around Kaikoura; says "funding is not an issue", although some other projects could be delayed
Paula Bennett and John Key announce $303.6 mln package of spending on emergency housing, including buying and leasing motels and building pre-fab homes; also $100 mln loan for Housing NZ; but deny crisis
7th Nov 16, 6:53pm
67
Paula Bennett and John Key announce $303.6 mln package of spending on emergency housing, including buying and leasing motels and building pre-fab homes; also $100 mln loan for Housing NZ; but deny crisis
Treasury reports OBEGAL Budget surplus of $222 mln for 3 mths to Sept 30, which is $725 mln more than forecast in May Budget; Revenues $523 mln higher than forecast on stronger economic growth
4th Nov 16, 10:05am
9
Treasury reports OBEGAL Budget surplus of $222 mln for 3 mths to Sept 30, which is $725 mln more than forecast in May Budget; Revenues $523 mln higher than forecast on stronger economic growth
Finance Minister says Treasury looking at whether annual net migration may have lifted from long-run average of 12,000 to around 30,000; says will have implications for infrastructure, Govt spending outlooks
31st Oct 16, 11:14am
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Finance Minister says Treasury looking at whether annual net migration may have lifted from long-run average of 12,000 to around 30,000; says will have implications for infrastructure, Govt spending outlooks
Government increases Budget surplus to NZ$1.8 bln in 2015/16 from NZ$414 mln in 2014/15; English says rising surpluses give Govt options for debt repayment and tax cuts
13th Oct 16, 1:36pm
64
Government increases Budget surplus to NZ$1.8 bln in 2015/16 from NZ$414 mln in 2014/15; English says rising surpluses give Govt options for debt repayment and tax cuts
Government throws another $250m at Southern Response without calling anyone to account for what's likely to be NZ's largest bailout, costing taxpayers much more than expected
26th Jul 16, 4:12pm
by Jenée Tibshraeny
66
Government throws another $250m at Southern Response without calling anyone to account for what's likely to be NZ's largest bailout, costing taxpayers much more than expected
The Budget showed the Government was still jumping at debt shadows when it needed to be breaking Auckland's housing infrastructure log-jam by borrowing at record-low interest rates
29th May 16, 5:00am
49
The Budget showed the Government was still jumping at debt shadows when it needed to be breaking Auckland's housing infrastructure log-jam by borrowing at record-low interest rates
A review of things you need to know before you go home on Thursday; Few Budget handouts, big price rises for smokers; More bad news for dairy farmers; Tax Freedom Day; NZD falls
26th May 16, 4:07pm
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A review of things you need to know before you go home on Thursday; Few Budget handouts, big price rises for smokers; More bad news for dairy farmers; Tax Freedom Day; NZD falls
Our compilation of some of the key business, economic and political comment made in response to the 2016 Budget
26th May 16, 3:45pm
8
Our compilation of some of the key business, economic and political comment made in response to the 2016 Budget
Terry Baucher says IRD's new computer system is a winner and smokers and carbon emitters are the losers in an underwhelming Budget
26th May 16, 3:45pm
9
Terry Baucher says IRD's new computer system is a winner and smokers and carbon emitters are the losers in an underwhelming Budget
Paula Bennett announces plan to offer $5,000 to homeless Aucklanders and state house tenants to leave Auckland live in provinces; policy developed in recent days; Govt accused of flailing and making policy on the run
25th May 16, 3:46pm
118
Paula Bennett announces plan to offer $5,000 to homeless Aucklanders and state house tenants to leave Auckland live in provinces; policy developed in recent days; Govt accused of flailing and making policy on the run
Cam Preston argues insurers are running out of steam in the Canterbury rebuild/repair marathon, with AMI set to be the largest taxpayer bailout in NZ history
25th May 16, 10:24am
by Guest
39
Cam Preston argues insurers are running out of steam in the Canterbury rebuild/repair marathon, with AMI set to be the largest taxpayer bailout in NZ history
Key says Govt looking at $3 bln tax cut, either in Budget 2017 or before 2017 election; still committed to cutting net debt to 20% of GDP
16th May 16, 4:42pm
61
Key says Govt looking at $3 bln tax cut, either in Budget 2017 or before 2017 election; still committed to cutting net debt to 20% of GDP
English says Budget 2016 to include spending brought forward from 2017; says money set aside for tax cuts in 2017 reprioritised for debt reduction; still committed to tax cuts 'over time' and either in 2017 or after
12th May 16, 12:48pm
79
English says Budget 2016 to include spending brought forward from 2017; says money set aside for tax cuts in 2017 reprioritised for debt reduction; still committed to tax cuts 'over time' and either in 2017 or after
Treasury reports NZ$167 mln OBEGAL surplus for 9 mths to end of March; NZ$334 mln better than forecast; Core Crown tax revenue NZ$702 million better than forecast on stronger economy
10th May 16, 10:05am
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Treasury reports NZ$167 mln OBEGAL surplus for 9 mths to end of March; NZ$334 mln better than forecast; Core Crown tax revenue NZ$702 million better than forecast on stronger economy
Treasury reports NZ$398 mln surplus in eight months to Feb; NZ$730 mln better than expected and NZ$667 mln better than last year; GST, corporate tax and PAYE higher than forecast; spending in line with forecasts
8th Apr 16, 10:28am
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Treasury reports NZ$398 mln surplus in eight months to Feb; NZ$730 mln better than expected and NZ$667 mln better than last year; GST, corporate tax and PAYE higher than forecast; spending in line with forecasts
Treasury reports budget surplus for 7 mths to Jan of $934 million, which is $724 mln more than forecast
4th Mar 16, 10:22am
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Treasury reports budget surplus for 7 mths to Jan of $934 million, which is $724 mln more than forecast
Treasury reports Budget Deficit of NZ$889 mln in six months to December; NZ$92 mln more than expected; lower interest rates a factor; cash deficit also higher than expected; low inflation taking its toll
19th Feb 16, 10:36am
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Treasury reports Budget Deficit of NZ$889 mln in six months to December; NZ$92 mln more than expected; lower interest rates a factor; cash deficit also higher than expected; low inflation taking its toll
Key announces earlier starts to Auckland City Rail Link project and East-West motorway connecting Penrose to Onehunga; extra NZ$115 mln planned for regional roads
27th Jan 16, 12:38pm
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Key announces earlier starts to Auckland City Rail Link project and East-West motorway connecting Penrose to Onehunga; extra NZ$115 mln planned for regional roads
Treasury reports budget deficit for five months to November of NZ$1.64 bln; deficit NZ$383 mln worse than expected after corporate tax disappoints and interest earnings less than expected
26th Jan 16, 10:00am
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Treasury reports budget deficit for five months to November of NZ$1.64 bln; deficit NZ$383 mln worse than expected after corporate tax disappoints and interest earnings less than expected
Budget forecast to dip back into deficit in 2015/16; Govt increases capital spending by NZ$1 bln; English drops hard surplus target & more
15th Dec 15, 1:07pm
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Budget forecast to dip back into deficit in 2015/16; Govt increases capital spending by NZ$1 bln; English drops hard surplus target & more
RBNZ Governor suggests Government could help boost productive capacity of economy, lift economic activity and inflation pressures by spending more on infrastructure in Auckland
10th Dec 15, 12:59pm
10
RBNZ Governor suggests Government could help boost productive capacity of economy, lift economic activity and inflation pressures by spending more on infrastructure in Auckland
English says Government has room to loosen fiscal policy if hard landing in China increases risk of recession; also says RBNZ has much more room to cut given OCR is at 3%
26th Aug 15, 10:40am
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English says Government has room to loosen fiscal policy if hard landing in China increases risk of recession; also says RBNZ has much more room to cut given OCR is at 3%