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Budget advocates stronger economy

John Key

On Thursday May 26, Finance Minister Bill English will deliver National’s eighth Budget. Budget 2016 will further advance our work to support a strong, growing economy.

It is only through a strong, growing economy that we are able to create more jobs, lift wages and deliver better public services to those who need them most.

A strong, growing economy also ensures we can meet the needs of New Zealand families in areas that really matter to them like health and education.

This year’s Budget will include a wide range of initiatives that build on the good progress that’s been made over the previous seven Budgets.

That includes supporting a more productive and competitive economy through the comprehensive Business Growth Agenda.

And it will continue our focus on delivering better public services – with additional investment to both meet the needs of a growing population and to support the most vulnerable New Zealanders.

Finally, the Budget will reflect National’s commitment to responsible fiscal management – with success being measured by results rather than the level of spending.

Prior announcements

A number of pre-Budget announcements will be made in the lead-up to Budget Day. Announcements already made include:

$187 million over four years for a small business tax package that will reduce compliance costs and make tax simpler for businesses, particularly smaller ones.

A big funding boost for Pharmac of $124 million over four years so it can fund more lifesaving drugs for more New Zealanders, including treatments for advanced melanoma and Hepatitis C.

$41 million over four years for 3000 emergency housing placements a year across the country so people have access to a roof over their head when they need it most.

Be one of the first to get the Budget! Budget 2016 will be released on May 26. Add your name to get it sent straight to your inbox

John Key is Prime Minister of New Zealand and Leader of National Party.

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