Monday, January 30, 2012

Responsibly managing Government finances

The Government is on track to return to surplus in 2014/15 with a $300 million to $500 million surplus forecast in that year.

Being fiscally responsible is important to help keep the pressure off interest rates, which are the single biggest cost to most households, and the exchange rate, which is good for exporters.

And as every household and business knows, we need to live within our means – budgeting carefully and deciding which things are priorities and which are not.

National has shown over the past three years that we can deliver strong and stable government during difficult times. We are fiscally responsible managers, and we will continue to be throughout this term of Government.

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