2014 New Zealand budget

2014 (2014) New Zealand budget
Submitted by Bill English
Presented 15 May 2014
Parliament Parliament of New Zealand
Party National
Total revenue Increase $70.9 billion[1]
Total expenditures Increase $71.5 billion[1]
Deficit Increase -$684m[1]
Debt Decrease $59.4 billion (Net)[2]
Increase 25.6% (Net debt to GDP)[1]
Website www.treasury.govt.nz/budget/2014

ǂNumbers in italics are projections.

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The New Zealand budget for fiscal year 2014/15 was presented to the New Zealand House of Representatives by Finance Minister Bill English on 15 May 2014.[3] This was the sixth budget English has presented as Minister of Finance.

Reactions

  • Economics commentator Bernard Hickey said the budget "buried" a "[p]opulation forecast [that] will mean higher interest rates."[4]
  • Political columnist John Armstrong stated the budget "robs Labour of election punch."[5]

References

  1. 1 2 3 4 "Fiscal Strategy Report" (PDF). New Zealand Treasury. 21 May 2015. Archived from the original (PDF) on 22 May 2015. Retrieved 22 May 2015.
  2. ↑ "Budget 2014 Fiscal Update" (PDF). 15 May 2014. Retrieved 25 February 2015.
  3. ↑ "Budget 2014". New Zealand Treasury. 15 May 2014. Retrieved 25 February 2015.
  4. ↑ "Bernard Hickey: Budget buries migration bomb". New Zealand Herald. 18 May 2014. Retrieved 2 April 2015.
  5. ↑ "John Armstrong: Budget robs Labour of election punch". New Zealand Herald. 16 May 2014. Retrieved 2 April 2015.
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