2014 New Zealand budget

Last updated

2014 (2014) New Zealand budget
Coat of arms of New Zealand.svg
Submitted by Bill English
Presented15 May 2014
Parliament Parliament of New Zealand
Party National
Total revenueIncrease2.svg $70.9 billion [1]
Total expendituresIncrease2.svg $71.5 billion [1]
Deficit Increase2.svg -$684m [1]
DebtDecrease2.svg$59.4 billion (Net) [2]
Increase2.svg 25.6% (Net debt to GDP) [1]
Website www.treasury.govt.nz/budget/2014
ǂNumbers in italics are projections.
‹ 2013
2015 ›

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.

New Zealand Parliament legislative body of New Zealand

The New Zealand Parliament is the legislature of New Zealand, consisting of the Queen of New Zealand (Queen-in-Parliament) and the New Zealand House of Representatives. The Queen is usually represented by her governor-general. Before 1951, there was an upper chamber, the New Zealand Legislative Council. The New Zealand Parliament was established in 1854 and is one of the oldest continuously functioning legislatures in the world. It has met in Wellington, the capital of New Zealand, since 1865.

Minister of Finance (New Zealand) New Zealand minister of the Crown

The Minister of Finance, originally known as Colonial Treasurer, is a senior figure within the Government of New Zealand and head of the New Zealand Treasury. The position is often considered to be the most important cabinet post after that of the Prime Minister. The Minister of Finance is responsible for producing an annual New Zealand budget outlining the government's proposed expenditure.

Bill English 39th Prime Minister of New Zealand

Sir Simon William English is a retired New Zealand politician who served as the 39th Prime Minister of New Zealand from 2016 to 2017. He was the leader of the National Party from 2001 to 2003 and 2016 to 2018, also serving two terms as Leader of the Opposition.

Contents

Reactions

Related Research Articles

Roger Douglas New Zealand politician

Sir Roger Owen Douglas, a retired New Zealand politician, served as a minister in two Labour governments. He became arguably best known for his prominent role in New Zealand's radical economic restructuring in the 1980s, when the Fourth Labour Government's economic policy became known as "Rogernomics".

Michael Cullen (politician) New Zealand politician

Sir Michael John Cullen is a former New Zealand politician. He served as Deputy Prime Minister of New Zealand, also Minister of Finance, Minister of Tertiary Education, and Attorney-General. He was the Deputy Leader of the Labour Party from 1996 until November 2008, when he resigned following a defeat in the general election. He resigned from Parliament in April 2009, to become the deputy chairman of New Zealand Post from 1 November 2009 and chairman from 1 November 2010.

Ruthanasia, a portmanteau of "Ruth" and "euthanasia", is the pejorative name given to the period of free-market policies conducted during the first term of the fourth National government in New Zealand, from 1990 to 1993. As the first period of reform from 1984 to 1990 was known as Rogernomics after the Labour Party Minister of Finance, Roger Douglas, so the second period became known as "Ruthanasia", after the National Party's Minister of Finance, Ruth Richardson.

Ruth Richardson served as New Zealand's Minister of Finance from 1990 to 1993, is credited for being the first Finance Minister to have published a modern public sector balance sheet. Following the work of the preceding Labour Government that initiated the financial reforms and passed the necessary legislation, she supported and carried on the reforms, and extended them in a significant way with the fiscal responsibility Act 1994. And more than the Labour ministers who initiated the reforms, she advocated for the merits of modern accounting and financial systems subsequently introduced modern accounting to the national government. These Public Financial Management reforms were part of her wider economic reforms that helped to take New Zealand out of its economic and financial crisis, including the Mother of all Budgets as the first budget was called. Many have noted the wide-ranging affects on New Zealand's social fabric including child poverty along with wealth inequality which were both exacerbated.

John Key 38th Prime Minister of New Zealand

Sir John Phillip Key is a New Zealand former politician who served as the 38th Prime Minister of New Zealand from 2008 to 2016 and as Leader of the New Zealand National Party from 2006 to 2016. After resigning from both posts in December 2016 and leaving politics, Key was appointed to board of director and chairmanship roles in New Zealand corporations.

New Zealand Treasury Economic and Financial policy agency of New Zealand

The New Zealand Treasury is the central public service department of New Zealand charged with advising the Government on economic policy, assisting with improving the performance of New Zealand's economy, and managing financial resources.

2006 New Zealand budget

The New Zealand budget for fiscal year 2006-2007 was presented to the New Zealand House of Representatives by Finance Minister Dr Michael Cullen on 18 May 2006.

Steven Joyce New Zealand politician

Steven Leonard Joyce is a former New Zealand politician, who entered the New Zealand House of Representatives in 2008 as a member of the New Zealand National Party. In the same year he became Minister of Transport and Minister for Communications and Information Technology. He later became Minister of Science and Innovation, and then served as Minister for Finance and Minister for Infrastructure.

2012 New Zealand budget

The New Zealand budget for fiscal year 2012–2013 was presented to the New Zealand House of Representatives by Finance Minister Bill English on 24 May 2012.

2010 New Zealand budget

The New Zealand budget for fiscal year 2010-2011 was presented to the New Zealand House of Representatives by Finance Minister Bill English on 20 May 2010.

2011 New Zealand budget

The New Zealand budget for fiscal year 2011-2012 was presented to the New Zealand House of Representatives by Finance Minister Bill English on 19 May 2011.

2009 New Zealand budget

The New Zealand budget for fiscal year 2009-2010 was presented to the New Zealand House of Representatives by Finance Minister Bill English on 28 May 2009.

2007 New Zealand budget

The New Zealand budget for fiscal year 2007-2008 was presented to the New Zealand House of Representatives by Finance Minister Dr Michael Cullen on 17 May 2007.

2008 New Zealand budget

The New Zealand budget for fiscal year 2008-2009 was presented to the New Zealand House of Representatives by Finance Minister Dr Michael Cullen on 22 May 2008.

The New Zealand Budget is statement by the Government of New Zealand, usually set annually, of the state's revenues and expenditures for the preceding fiscal year and years to come. It is prepared by the New Zealand Treasury for the Minister of Finance.

2015 New Zealand budget

The New Zealand budget for fiscal year 2015/16 was presented to the New Zealand House of Representatives by Finance Minister Bill English on 21 May 2015. It was the seventh budget English has presented as Minister of Finance.

2016 New Zealand budget

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. It was the eighth budget English has presented as Minister of Finance, and the eighth budget of the Fifth National Government.

2017 New Zealand budget

The New Zealand budget for fiscal year 2017/18 was presented to the New Zealand House of Representatives by Finance Minister Steven Joyce on 25 May 2017. It was the ninth budget of the Fifth National Government, and the first presented by Joyce in his role as Minister of Finance. This was the last budget presented by the Fifth National government which was defeated at the 2017 general election.

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. Archived from the original (PDF) on 18 January 2015. 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.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.