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Mr Speaker,
I move that the Appropriation (2016/17 Estimates) Bill be now read a second time.
It’s a privilege to present the eighth Budget of this National-led Government.
I recall our first Budget, delivered in difficult times, with Treasury forecasting never-ending deficits and ever-rising debt.
Today, however, I can present a healthy set of public accounts.
The Crown’s books show rising surpluses and falling debt.
- Bill English
- Finance
- Budget 2016
Good afternoon everyone. It’s a pleasure to be with you again.
Thank you to the Wellington Employers’ Chamber of Commerce for once again organising this pre-Budget lunch.
Budget 2016 will include a wide range of initiatives that build on the good progress we’ve made over the previous seven Budgets.
It will have a strong focus on investing in a growing economy – further advancing the work we’ve been doing to support a more productive and competitive economy through the Business Growth Agenda.
- Bill English
- Finance
- Budget 2016
It’s good to be back here for my annual pre-Budget speech and I want to thank Business New Zealand for hosting me once again.
This year’s Budget will be delivered against a backdrop of a growing economy, supported by strong levels of tourism and migration, a large pipeline of construction projects and low interest rates.
Notwithstanding challenges in the dairy industry, most New Zealand forecasters are predicting growth of around 3 per cent on average over the next few years.
That’s a good position for the country to be in.
- John Key
- Prime Minister
- Budget 2016