Opunake Coastal News - Investing in a growing economy
Budget 2016 sees substantial investment in health and education and more support for businesses to create jobs on the back of a growing economy.
National’s eighth Budget forecasts rising surpluses and falling debt, with the economy expected to grow at around 3 per cent over the next four years.
This means more jobs and higher incomes and more government support for Kiwis through better public services and a more confident and prosperous country.
As our economy continues to grow we now have choices we simply did not have eight years ago. This Budget embraces those choices by investing in New Zealand’s future.
Budget 2016 supports four significant measures:
• $761 million for Innovative New Zealand – a package of science, skills and regional development initiatives to help grow and diversify the economy.
• $2.1 billion public infrastructure package focused on transport, schools, and the infrastructure needed to deliver a modern, flexible tax system to make doing business easier.
• $652 million Social Investment package to help the most at-risk New Zealanders lead better lives.
• An additional $2.2 billion for the health sector over four years to ensure New Zealanders continue to have access to high-quality healthcare.
Our focus remains on achieving better results for Kiwis and their families from almost $80 billion in existing spending, and ensuring that $1.6 billion of new spending is directed where it will make a real difference.
Kiwi businesses are creating thousands of jobs and the Government wants to ensure that innovation and effort is supported and the benefits are spread around the country.
That’s why we have focused on providing New Zealanders with the skills they need in a modern economy, boosting regional economies and making it even easier to do business through initiatives such as improvements to the way businesses pay tax.
A strong economy allows us to invest more in priority public services such as increased access to next-generation medicines, more elective surgeries and support for at-risk students in schools.
In addition, we’re investing in vital social services such as emergency housing.
Under National’s strong and stable leadership, New Zealand has made significant progress over the past eight years. As a country, we’re more confident and our economy is growing.
Our challenge over the next few years is to stay on course with a policy programme that’s working for all New Zealanders.