The Minister of Finance announced his 2012 Budget on 24th May. This page contains links to some of the key documents and a brief summary/asessment.
The 2012 Budget - in a word!
This week’s Budget from Hon Bill English was his fourth since he became Minster of Finance after the 2008 election. You might think that with three Budgets and another election behind him, Mr English would be well settled into the job, and looking for some legacy-making reforms that will help to secure him and his National colleagues a third term in 2014.
Mr English can certainly be credited with establishing clear objectives for those first three Budgets. Each had a single theme—in one word they were, in order: ‘recovery’, ‘tax’, and ‘savings’. So what theme sums up this week’s Budget? Asset sales? Welfare reform? Spending squeeze?
An abridged version of the above article published in the New Zealand Herald (Business) on Friday 25 May 2012, can be found on the NZ Herald website.
View Budget 2012 documents on the New Zealand Treasury website.
View the Minister's Executive Summary.
View the PwC Budget Analysis.