2016 New Zealand budget
 | |
| Submitted by | Bill English |
|---|---|
| Presented | 21 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 |
| 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]
Environment
External
Finance and Government Administration
Health
- $39 million extra funding in 2016/17 and $124 million over four years to increase Pharmac's annual pharmaceutical budget.[7]
Justice
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]
Primary Industries
Social Development and Housing
- $41.1 million over four years to provide for 3000 emergency housing places.[10]
References
- ^ a b c "Budget At a Glance" (PDF). 26 May 2016. Archived from the original (PDF) on 20 December 2016. Retrieved 7 December 2016.
- ^ a b "Budget Economic and Fiscal Update" (PDF). 16 May 2016. Archived from the original (PDF) on 16 November 2016. Retrieved 7 December 2016.
- ^ "English sets date for Budget 2016". Radio New Zealand. 16 February 2016. Retrieved 4 May 2016.
- ^ Adams, Amy (5 May 2016). "Budget 2016: $22.2m to boost cyber security". New Zealand Government. Retrieved 12 May 2016.
- ^ Key, John (13 May 2016). "Budget 2016: Tourism sector gets further boost". New Zealand Government. Retrieved 14 May 2016.
- ^ Parata, Hekia (10 May 2016). "Budget 2016: More kids to get teacher aide help". New Zealand Government. Retrieved 12 May 2016.
- ^ Wong, Simon; Sherman, Maiki (4 May 2016). "Pharmac to get extra $39M". Mediaworks New Zealand. Retrieved 9 May 2016.
- ^ Dunne, Peter (10 May 2016). "Budget 2016: $303m to merge and modernise New Zealand's fire services". New Zealand Government. Retrieved 12 May 2016.
- ^ Flavell, Te Ururoa (10 May 2016). "Budget 2016: $12.6m increase for Māori Housing". New Zealand Government. Retrieved 12 May 2016.
- ^ 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
