2016 New Zealand budget

2016 New Zealand budget

Submitted by	Bill English
Presented	26 May 2016
Parliament	Parliament of New Zealand
Party	National
Total revenue	$78.5b [1]
Total expenditures	$77.4b [1]
Surplus	$1.1b [1]
Debt	$62.3b net debt [2] 24.9% net debt to GDP [2]
Website	www.treasury.govt.nz/budget/2016
ǂNumbers in italics are projections. ‹  2015 2017›

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 responding 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. "Budget At a Glance" (PDF). 26 May 2016. Archived from the original (PDF) on 20 December 2016. Retrieved 7 December 2016.
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. Archived from the original on 4 May 2016. 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.

External links

• New Zealand Treasury - Budget 2016