New Zealand ‘broccoli budget’ 2016/17

### NZ Herald Online 3:58 PM Thursday May 26, 2016
Liam Dann: This is the broccoli budget
OPINION This is the broccoli budget. It’s the one you have to eat before you get the treats. Bill English has got his surplus back and if we buy in to his vision of fiscal prudence we’ll have $6.7 billion in the tank by 2020.
That’s more than enough for John Key to dangle $3 billion in tax cuts in front of us before the election next year, although that does render the $6 billion figure a little redundant. The $700m surplus this year represents a huge swing from the $400m deficit which was forecast as recently as December. But economists will point out that is still margin of error stuff in a Budget spend of $77.4 billion. In some ways the extent of the turn around since December just proves that.
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“This is a Budget that invests in a growing economy.” –Bill English

Thu, 26 May 2016
ODT: Health, education big Budget winners
Health, education and social services are the winners in a Budget which contains few surprises but also few contentious moves. Auckland housing also features prominently in the National-led Government’s eighth Budget, released this afternoon. There is no rescue package for first-home buyers but funding will help free up land for housing developments in Auckland and open up more social housing places for the most desperate families. […] In the next year, an extra $568 million will be spent on health – just short of the $600 million which is required to keep pace with population growth and other pressures on the health system.

█ ODT Budget Special

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www.treasury.govt.nz/budget/2016
Home page for Budget 2016 for the Government of New Zealand. Hon Bill English is Minister of Finance.

The Budget website at www.budget.govt.nz is optimised for mobile and tablet devices and provides access to the current Budget documents and interactive charts and features such as My Tax Dollars.

Parliament TV – 2016 Budget Day
Today (Thursday 26 May) after 2pm, the Minister of Finance Hon Bill English delivered the 2016 Budget to the House of Representatives. The Budget is an annual event that sets out the Government’s economic policies and plans for spending public money in the 2016-17 financial year. All Government spending must be scrutinised and approved by Parliament, and Parliament gives this approval by passing a special law, called an Appropriation Bill. The Budget is effectively the start of this ‘appropriation’ process. Link

█ Watch and listen to Budget Day 2016
You can watch the delivery of the Budget statement and the following debate on Parliament TV, by webcast or on-demand

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Posted by Elizabeth Kerr