News

15 May 2014

The 2014 New Zealand Budget Details

Prime Minister, John Key says New Zealanders will welcome the family focus of today's Budget.
Finance Minister Bill English delivered an election year Budget which includes a bigger than forecast surplus, free doctors visits for 400,000 more children, and big cuts to ACC levies. It also dangles the prospect of tax cuts in front of voters.
Finance Minister Mr English said the Government's much vaunted return to surplus would be $372 million, still slender but well ahead of the wafer thin $86m forecast six months ago, thanks to a rosier economic outlook.
(NZ Herald)

Labour leader David Cunliffe commented that the Government has done a half-baked job of stealing its policies. He added that the benefits announced today by National are smaller than those  that would have been provided by Labour: 

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