Our third Budget will be delivered on 19 May. It will continue our programme to build New Zealand’s national savings, increase investment, create jobs, and lift incomes, as well as reducing the country’s vulnerability to foreign debt.
In Budget 2009 we had to get through the recession in reasonable shape and turn around the appalling forecasts we inherited – never-ending deficits and ever-increasing debt. In Budget 2010 we changed the tax system to reduce the incentive for excessive spending and borrowing, and to encourage savings. We will continue along that line in Budget 2011.
We will ensure the Government plays its part in lifting national savings by returning to budget surplus as soon as possible and by requiring better and smarter services from the public sector.
More information: http://www.beehive.govt.nz/release/budget-19-may-savings-and-investment-focus
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