2016 New Zealand budget explained
| New Zealand budget |
| Year: | 2016 |
| Country: | New Zealand |
| Previous Budget: | 2015 New Zealand budget |
| Previous Year: | 2015 |
| Next Budget: | 2017 New Zealand budget |
| Next Year: | 2017 |
| Submitter: | Bill English |
| Presented: | 21 May 2016 |
| Parliament: | Parliament of New Zealand |
| Party: | National |
| Total Revenue: | $78.5b[1] |
| Total Expenditures: | $77.4b |
| Surplus: | $1.1b |
| Debt: | $62.3b net debt[2]
24.9% net debt to GDP |
| Below: | ǂNumbers in italics are projections. |
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]
External links
Notes and References
- Web site: Budget At a Glance. 26 May 2016. 7 December 2016. https://web.archive.org/web/20161220083819/http://www.budget.govt.nz/budget/pdfs/budget-at-a-glance/b16-at-a-glance-hr.pdf. 20 December 2016. dead.
- Web site: Budget Economic and Fiscal Update. 16 May 2016. 7 December 2016. https://web.archive.org/web/20161116152602/http://www.budget.govt.nz/budget/pdfs/befu2016/befu16.pdf. 16 November 2016. dead. dmy-all.
- News: English sets date for Budget 2016 . 16 February 2016 . . 4 May 2016.
- Web site: Amy . Adams . Budget 2016: $22.2m to boost cyber security . 5 May 2016 . New Zealand Government . 12 May 2016.
- Web site: John . Key . Budget 2016: Tourism sector gets further boost . 13 May 2016 . New Zealand Government . 14 May 2016.
- Web site: Hekia . Parata . Budget 2016: More kids to get teacher aide help . 10 May 2016 . New Zealand Government . 12 May 2016.
- News: Simon . Wong . Maiki . Sherman . 4 May 2016 . Pharmac to get extra $39M . Mediaworks New Zealand . 9 May 2016.
- Web site: Peter . Dunne . Budget 2016: $303m to merge and modernise New Zealand’s fire services . 10 May 2016 . New Zealand Government . 12 May 2016.
- Web site: Te Ururoa . Flavell . Budget 2016: $12.6m increase for Māori Housing . 10 May 2016 . New Zealand Government . 12 May 2016.
- Web site: Paula . Bennett . Budget 2016: 3000 emergency housing places funded . 9 May 2016 . New Zealand Government . 12 May 2016.
