Budget Policy Statement sets out clear plan

National is delivering strong and stable Government in difficult times.

The Budget Policy Statement issued today (16 February) confirms National’s clear economic plan for the next three years – including a return to budget surplus and starting to reduce net debt.

Our plan will guide Budget priorities over the next three years. The main priorities are responsibly managing the Government’s finances, building a more productive and competitive economy, delivering better public services within tight financial constraints, and rebuilding Christchurch.

Budget 2012 is about sticking to that plan to build a more competitive economy that supports more jobs, higher incomes, and ensures New Zealand pays its way in the world.

The Budget Policy Statement shows the Government is on track to post a surplus of $370 million in 2014/15, keep net debt below 30 per cent of gross domestic product, and reduce this to 20 per cent of GDP by 2020/21.

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