2016 New Zealand budget

2016 (2016) New Zealand budget
Submitted by Bill English
Presented 21 May 2016
Parliament Parliament of New Zealand
Party National
Total revenue Increase $78.5b[1]
Total expenditures Increase $77.4b[1]
Surplus Increase $1.1b[1]
Debt Increase $62.3b net debt[2]
Decrease 24.9% net debt to GDP[2]
Website www.treasury.govt.nz/budget/2016

ǂNumbers in italics are projections.

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The New Zealand budget for fiscal year 2016/17 was presented to the New Zealand House of Representatives by Finance Minister Bill English on 26 May 2016.[3] It was the eighth budget English has presented as Minister of Finance, and the eighth budget of the Fifth National Government.

Breakdown by sector

Economic Development and Infrastructure

  • $22.2 million over four years to increase national cyber security, including establishing a new government agency to assist in detecting and responsing to cyber security threats.[4]
  • $20 million over four years to the tourism sector, to fund small infrastructure projects to cope with increasing tourist numbers and to target growing tourism markets.[5]

Education

  • $15.3 million over four years to provide extra teacher aide support for students with special needs.[6]

Health

  • $39 million extra funding in 2016/17 and $124 million over four years to increase Pharmac's annual pharmaceutical budget.[7]

Māori, Other Populations and Cultural

  • $303 million over five years to combine the New Zealand Fire Service, the National Rural Fire Authority and rural fire authorities into one organisation.[8]
  • $12.6 million over four years to the Māori Housing Network for Māori housing projects.[9]

Social Development and Housing

  • $41.1 million over four years to provide for 3000 emergency housing places.[10]

References

  1. 1 2 3 "Budget At a Glance" (PDF). 26 May 2016.
  2. 1 2 "Budget Economic and Fiscal Update" (PDF). 16 May 2016. Archived from the original (PDF) on 16 November 2016. Retrieved 7 December 2016.
  3. ↑ "English sets date for Budget 2016". Radio New Zealand. 16 February 2016. Retrieved 4 May 2016.
  4. ↑ Adams, Amy (5 May 2016). "Budget 2016: $22.2m to boost cyber security". New Zealand Government. Retrieved 12 May 2016.
  5. ↑ Key, John (13 May 2016). "Budget 2016: Tourism sector gets further boost". New Zealand Government. Retrieved 14 May 2016.
  6. ↑ Parata, Hekia (10 May 2016). "Budget 2016: More kids to get teacher aide help". New Zealand Government. Retrieved 12 May 2016.
  7. ↑ Wong, Simon; Sherman, Maiki (4 May 2016). "Pharmac to get extra $39M". Mediaworks New Zealand. Retrieved 9 May 2016.
  8. ↑ Dunne, Peter (10 May 2016). "Budget 2016: $303m to merge and modernise New Zealand's fire services". New Zealand Government. Retrieved 12 May 2016.
  9. ↑ Flavell, Te Ururoa (10 May 2016). "Budget 2016: $12.6m increase for Māori Housing". New Zealand Government. Retrieved 12 May 2016.
  10. ↑ Bennett, Paula (9 May 2016). "Budget 2016: 3000 emergency housing places funded". New Zealand Government. Retrieved 12 May 2016.
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