New Zealand Finance Minister: Budget of 2018 will achieve surplus

1 May 2018 10:44 AM

New Zealand's Finance Minister Robertson said the budget for 2018 would deliver a surplus. The budget includes the following points:

  • The government has reprioritize around NZ$700M funding over the next 4 years
  • We have freed up NZ$1.4B worth of funding for this government's priorities and investments next 4 years Combined with our moves to crack down on speculators, tax dodgers and ensuring multinationals pay their fair share of tax.
  • commitment to budget responsibility rules, which includes delivering a sustainable operating surplus across economic cycles and reducing net core Crown debt to 20% of GDP within 5 years of taking office

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