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The National-led Government is managing the economy far better than Labour would have and this is proven by Phil Goff’s desire to borrow more and send the country deeper into debt, Finance Minist

Encouraging news today from two credit ratings agencies reflects the Budget's credible and balanced approach to helping New Zealanders through the recession, Finance Minister Bill English said.

Keeps the economy going amid global turmoil

Budget 2009 will lift economic growth, help New Zealanders through the recession and strengthen the Government's books, Finance Minister Bill English says.

It also directly supports jobs ove

Line-by-line departmental reviews have freed up $2 billion over the next four years that will be put back into Government priorities such as boosting frontline services, Finance Minister Bill Engli

Mr Speaker,

I move that the Appropriation (2009/10 Estimates) Bill be now read a second time.

Budget 2009 will help New Zealanders through the recession by supporting thousands of jobs, Finance Minister Bill English says.

• The Government remains committed to lower personal income taxes.

• Treasury estimates showed that without policy changes, gross government debt would rise alarmingly, reaching 48 per cent of GDP by 2013 and 70 per cent of GDP – or about $227 billion – by 2023.

New Zealand schools, telecommunications, roads and hospitals will be strengthened through substantial infrastructure funding announced in the Budget, Infrastructure Minister Bill English says.
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The Government is committed to maintaining National Superannuation entitlements at 66 per cent of the average wage, to be paid from age 65.