Verve Article - June 2016

Articles
Wednesday, June 1, 2016

Budget 2016: Investing in a growing economy

Bill English has delivered another forward looking budget for New Zealand. As our economy continues to grow we now have choices we simply did not have eight years ago. This Budget embraces those choices by investing in New Zealand's future.

Budget 2016 sees substantial investment in health and education, and more support for businesses to create more jobs.

National’s eighth Budget forecasts rising surpluses and falling debt, with the economy expected to grow at around three per cent over the next four years.

This means more jobs and higher incomes, more government support for Kiwis through better public services and a more confident and prosperous country.

Budget 2016 supports four significant measures:

• $761 million for Innovative New Zealand – a package of science, skills and regional development initiatives to help grow and diversify the economy.
• $2.1 billion public infrastructure package focused on transport, schools, and the infrastructure needed to deliver a modern, flexible tax system.
• $652 million Social Investment package to help the most at-risk New Zealanders.
• An additional $2.2 billion for the health sector over four years to ensure New Zealanders continue to have access to high-quality healthcare.

Our focus remains on achieving better results for Kiwis and their families from almost $80 billion in existing spending, and ensuring that $1.6 billion of  new spending is directed where it will make a real difference.

A strong economy allows us to invest more in priority public services such as increased access to next-generation medicines, more elective surgeries and support for at-risk students in schools.

Under National’s strong and stable leadership, New Zealand has made significant progress over the past eight years. As a country, we’re more confident and our economy is growing.