NZ Finance Minister introduces 2006 budget
Appearance
Thursday, May 18, 2006
Today the New Zealand Finance Minister, Hon. Dr Michael Cullen, presented the 2006 New Zealand Budget to the House of Representatives. There is a NZ$8.5 billion OBERAC surplus and a NZ$1.5 billion cash surplus.
It has been labelled as the "Bondi Budget" by National leader Don Brash, "Helen Clark and Michael Cullen believe there is a place for tax cuts - it's called Australia" he said.
The budget allocates new operating spending of $9.6 billion and capital of $2.7 billion over the next four years.
Key issues in the budget includes:
- The Telecom New Zealand local loop unbundling (released earlier due to leak).
- $1.3 billion extra for transport.
- $3 billion extra for health care, over the next four years.
- $361 million extra for schooling
- $166 million extra for tertiary education and skill training
- $162 million extra for early childhood education
Sources
[edit]- National Business Review (NBR). "Full text of 2006 Budget Speech" — http://www.nbr.co.nz, May 18, 2006
This page has been automatically archived by a robot, and is no longer publicly editable.
Got a correction? Add the template {{editprotected}} to the talk page along with your corrections, and it will be brought to the attention of the administrators. Please note that the listed sources may no longer be available online. |