2013 budget 'business as usual'
Tue, 18 Dec 2012 1:32p.m.
Next year's budget will be business as usual, with no changes to the
government's economic management plan.
Finance Minister Bill English says the global environment isn't going to
improve in the short term and the time isn't right for any "untried economic
experiments" - an apparent reference to opposition party policies.
In his budget policy statement released on Tuesday he says budget 2013,
expected to be presented in May, will continue the government's commitment to
responsible long-term fiscal management.
"This will require restraint well beyond the surplus target of 2014/15 so we
can pay down debt and build a buffer against the next global shock," he
"Budget 2013 will also contribute to the government's other main priorities
of delivering better public services within tight financial constraints and
supporting the rebuilding of Christchurch."
Mr English sees the European debt crisis and ongoing economic problems in the
United States as the biggest risks to global recovery.
"Forecasts of growth in the world's largest and most developed economies have
recently been revised downwards," he said.
"Global factors will continue to affect New Zealand, which makes up just a
quarter of one per cent of the world economy."
Mr English says the priorities in his next budget will be the same as those
he has stayed with since National came to power in 2008:
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27/12/2012 7:40:31 a.m.
Gotta love it Bazraz. Simple ideas like that one would help jump start the economy, but what are the odds, National would find a way of arrogantly dismissing it as 'not in the best interests of the nation' or something along those lines....All these economic worries would start to dissipate if National delivered on the jobs they promised...where are the jobs Jonkey? Saying now that they're in power, that it may not be that simple, means simply that they lied to the NZ public to get back into power. Well, technically they didn't lie if you count the jobs kiwis have got over in Australia. That Caketin campaign ad should have included Eden Pk as well, cos you could fill both stadia with the number of NZers that have annually crossed the Tasman since they lied their way into the power....now they have to borrow more money to cover their tracks. These guys are good man...just not good at governing is all.
19/12/2012 5:53:47 p.m.
Mr Crown wrote:
Its not the fiscal deficit we need to worry about Bill and you know it. Its the "gray matter" deficit condition, plaguing some key ministers at the moment which is more of a concern. I'd be worried too. Irrespective of his/her station in life, a "Kiwi" can spot this "disease" miles away.
18/12/2012 5:56:49 p.m.
Bill, for next budget why not have all overtime worked tax free. It does not effect the employer, It allows the employee more spending / savings power. It will encourage those who refuse to do overtime to work. It helps the employer during time of high demand etc.
18/12/2012 3:50:30 p.m.
The look on his face almost says "where did that couple of billion dollars go?" oh that right, treaty settlements, whanau ora, basiclly buying off the maori party.
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