2011_New_Zealand_budget

2011 New Zealand budget

2011 New Zealand budget

Add article description

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.[2]

Quick Facts Submitted by, Parliament ...

This was the third budget Bill English has presented as Minister of Finance.

Outline

Budget 2011[3] was delivered following earthquakes which devastated Christchurch and included a $5.5 billion rebuild package for the city.

The 2011 Budget was a "zero Budget" meaning no net new spending over four years. $5.2 billion was prioritised over four years for spending on mostly targeted at health, education and infrastructure. Individual and employer KiwiSaver contributions were increased.

The Budget announced the part-sale of five state-owned enterprises with the Government keeping majority (51%) control.

The 2011 Budget forecast a return to fiscal surplus to 2014/15.

References

  1. [1]
    "Budget 2011 - Minister's Executive Summary" (PDF). 19 May 2010. Archived from the original (PDF) on 13 February 2016. Retrieved 20 March 2015.
  2. [2]
    "Budget 2011". New Zealand Treasury. 19 May 2010. Retrieved 20 March 2015.
  3. [3]
    "Budget 2011 home page". The Beehive. 19 May 2010. Archived from the original on 20 January 2015. Retrieved 20 March 2015.
Share this article:

This article uses material from the Wikipedia article 2011_New_Zealand_budget, and is written by contributors. Text is available under a CC BY-SA 4.0 International License; additional terms may apply. Images, videos and audio are available under their respective licenses.