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John Key, Bill English

20 May, 2010

Special Feature: Budget 2010


Budget 2010
Budget 2010

From the Prime Minister

Budget 2010 about opportunity for Kiwis: Prime Minister

Prime Minister John Key says this year's Budget is about building on our economic recovery and providing opportunities for New Zealanders.

From the Finance Minister and the Minister of Revenue

Tax cuts strengthen economy and help families

Across the board tax cuts and a package of other tax changes will strengthen economic growth and help families get ahead here in New Zealand, Finance Minister Bill English and Revenue Minister Peter Dunne say.

Property tax changes increase fairness

Changes to the tax treatment of investment property increase fairness and help rebalance the economy towards productive investment, Finance Minister Bill English and Revenue Minister Peter Dunne say.

More money to improve tax compliance, audits

Budget 2010 provides increased funding for Inland Revenue to support the Government’s package of tax reforms and increase tax compliance activities.

Budget 2010 tax changes – at a glance

Budget 2010 - Salary and wage earners table

Fact sheet - Personal tax cuts

Fact sheet - GST and compensation

Fact sheet – Company tax cut

Fact sheet – NZ Super and Veterans Pension

Fact sheet - Working for Families changes

Fact sheet – Savings tax changes

Fact sheet - Building depreciation

Fact sheet - Depreciation loading

Fact sheet - LAQC and QC changes

Fact sheet - Thin capitalisation rules

Fact sheet - Tax integrity

Tax changes - how they affect New Zealanders - Scenarios

Budget builds on recovery, helps families

Budget 2010 focuses squarely on faster growth, helps families get ahead and sets a credible path for getting back to surplus sooner, Finance Minister Bill English says.

Budget 2010 - Building the Recovery

Budget frees up $1.8 billion for higher priorities

Budget 2010 has freed up another $1.8 billion over the next four years to put into high priority areas such as healthcare, education, law and order and scientific innovation, Finance Minister Bill English says.

Announcements

Multi-billion dollar investment in infrastructure

New Zealand's broadband, rail, schools and prisons will be strengthened through substantial infrastructure funding confirmed in the Budget, Infrastructure Minister Bill English says.

Energy and Resources: Hot demand for Government insulation scheme

Nearly 40,000 Kiwi households have benefited from the Government's home insulation and energy efficiency programme Warm Up New Zealand: Heat Smart, Energy and Resources Minister Gerry Brownlee says.

Justice: More Budget funding for community law centres

The Government will continue to fund community law centres because of their important role in providing access to justice, Justice Minister Simon Power says.

Health: Budget delivers over $2 billion extra for health

The Government has announced an additional $2.1 billion investment in health priorities over the next four years - including an extra $512 million in 2010/11.

Health: $59.5 million boost for record elective surgery

Budget 2010 delivers an extra $59.5 million for elective surgery over the next four years, including $8 million for breast reconstruction surgery.

Health, Disability Issues: $93 million more for disability support services

Budget 2010 delivers an extra $93 million for disability support services over the next four years, Health Minister Tony Ryall and Disabilities Issues Minister Tariana Turia say.

Disability Issues: $6.8 million to improve lives of disabled NZers

The Government will invest $6.8 million over the next three years to improve the lives of people with disabilities, Disability Issues Minister Tariana Turia says.

ACC: Funding increase for ACC policy advice

The Government will provide $2 million in new funding in 2010/11 so the Department of Labour can provide more robust ACC policy advice, ACC Minister Nick Smith says.

Police: Govt honours commitment to fund extra Police

The number of Police in New Zealand has grown by 350 in the past 18 months as the Government honours its promise to deploy 600 additional Police officers into frontline roles throughout the country.

Corrections: Budget funding to ensure enough prison beds

Funding of $69.3 million over the next four years will ensure there are enough prison beds to cope with the rising prison population, Corrections Minister Judith Collins says.

Corrections: Whare Oranga Ake will help cut reoffending

Budget funding for two new Whare Oranga Ake - reintegration units for prisoners - will help to reduce re-offending and re-imprisonment rates, Associate Corrections Minister Pita Sharples says.

Education: Extra $1.4 billion for schools, early childhood

Budget 2010 delivers a substantial boost to education in a difficult economic environment, Education Minister Anne Tolley says.

Education: Extra ECE spending, targeting families in need

The Government will spend an extra $107 million on early childhood education in 2010/11 and ensure these services are available to families in most need, Education Minister Anne Tolley says.

Education: Schools get extra $156m over next four years

New Zealand schools will benefit from significant extra Budget funding, as the Government invests in priority frontline areas that most benefit students, Education Minister Anne Tolley says.

Education: Significant investment in school infrastructure

Budget 2010 invests significantly in school infrastructure to help support the Government's priority of lifting student achievement.

Waitangi: Extra funding to reach Treaty settlement goal

Budget 2010 provides an extra $6.5 million over the next three years to achieve the Government's goal of settling all historical Treaty of Waitangi claims by 2014.

Agriculture: Budget prioritises primary sector investment

Budget 2010 will fulfil the Government's goal of delivering smarter services for New Zealand's biosecurity and its primary sector.

Science: Boost for science to help faster economic growth

The Government is boosting economic growth through a major increase in support for research, science and technology, with the Budget providing $321 million over four years for new initiatives. 

Defence: An extra $35 million a year for new Defence costs

Budget 2010 provides an extra $35 million a year to fund increased costs and new equipment for the New Zealand Defence Force.

Tertiary Education: Student support reforms will boost performance

Measures to reform the student support system in Budget 2010 will improve accountability of the tertiary sector and boost educational performance, Tertiary Education Minister Steven Joyce says.

ICT: Budget funds fast broadband for faster growth

Budget 2010 provides a further $248 million for the Government's flagship broadband initiatives, which will help New Zealand grow faster and be more competitive, Communications and Information Technology Minister Steven Joyce says.

Pacific Island Affairs: Economic development boost for Pacific people

Budget 2010 will provide a significant boost to the economic prospects of Pacific people, Pacific Island Minister Georgina te Heuheu says.

Employment & Social Development: New $90.5m fund for social sector transformation

Building on the success of its Community Response Fund, the Government has put $90.5 million over the next four years into a transformation fund for Non-Government Organisations to deliver extra high-quality services.

Employment & Social Development: Job Ops and Employment Assistance extended

The Government is investing $26.7 million in young people in 2010/11 by expanding the successful Job Ops programme.

Housing: Government extends community housing fund

Budget 2010 provides $20 million to extend the Housing Innovation Fund for another year and continues other measures to improve housing affordability for New Zealanders, Housing Minister Phil Heatley says.

Conservation: DoC to develop cycleways and camp grounds

The Government will spend more than $5 million developing new or improved campgrounds and three separate cycle trails over the next year, Conservation Minister Kate Wilkinson says.

Customs: New border management system, better security

Budget 2010 provides $75.9 million of capital funding over the next four years for a new joint border management system (JBMS), Customs Minister Maurice Williamson says.

Regulatory Reform: Funding confirmed for Productivity Commission

The Government's new Productivity Commission will boost New Zealand's economic performance and provide a steady stream of independent policy advice, Regulatory Reform Minister Rodney Hide says.

Maori Affairs: Budget supports Māori business and innovation

Budget 2010 provides support in several areas for Māori business to contribute to the economic recovery and help Māori get ahead under their own steam, Māori Affairs Minister Pita Sharples says.

Pre-Budget Announcements

18 May 2010

Government investment for rail turnaround

The Government's commitment to invest $250 million to support the KiwiRail Turnaround Plan will help increase New Zealand's economic productivity and put us on the path to faster growth, Transport Minister Steven Joyce says.

17 May 2010

Government announces leaky homes package

The Government has today announced its financial assistance package to help people get their leaky homes fixed faster.

13 May, 2010

Speech to 2010 New Zealand Hotel Industry Conference

Thank you for inviting me here to open the New Zealand Hotel Industry Conference.

Tourism receives $30 million boost from Budget

Prime Minister and Minister of Tourism John Key today revealed the tourism industry will receive $30 million in new funding for 2010/11 in next week's Budget.

 

11 May 2010

Budget provides $321m for RS&T activities

Prime Minister John Key has announced that research, science and technology will be one of the major recipients of new funding in Budget 2010.

Budget 2010: Speech: Investing in New Zealand's future

(Prime Minister John Key) Announcing this separately from other Budget measures shows how important research and science are to this Government.

10 May 2010

More resources to fight illicit drugs trade

Budget 2010 will provide $5.9 million of capital funding to Customs over the next two years to fight the illicit drugs trade through enhanced tracking and surveillance, Customs Minister Maurice Williamson says.

6 May 2010

Budget 2010 - Whanau Ora launches with $134.3m

Prime Minister John Key today announced that Whanau Ora will receive $134.3 million in funding over the next four years, as Budget 2010 invests in families.

Whanau Ora an investment in families

Today's Budget announcement of $134.3 million for implementing Whanau Ora is an investment in families, Whanau Ora Minister Tariana Turia says.

Whanau Ora a bold move from innovative Govt

Social Development Minister Paula Bennett says the social sector will benefit directly from the Government's investment in Whanau Ora.

5 May 2010

Budget 2010: Funding for bowel cancer screening pilot

The Government has announced a bowel cancer screening pilot costing $24 million over the next four years which will be funded in the Budget this month.

22 April 2010

Budget frees another $1.8b for priority spending

The Budget next month will redirect another $1.8 billion of lower quality government spending between now and 2014 into high priority areas, Finance Minister Bill English said today

Main Budget 2010 Entry Page on Treasury Website
http://www.treasury.govt.nz/budget/2010

  • John Key
  • Bill English
  • Budget 2010
  • Finance
  • Prime Minister