(All figures for four years to 2019/2020 unless otherwise stated)
Looking ahead to the results of responsible economic management
Innovative New Zealand package
The $761 million Innovative New Zealand package will encourage entrepreneurship, skills and economic growth. It includes:
SME-friendly tax package
Further support for businesses – particularly small businesses – is provided through a $187 million SME-friendly tax package.
A $2.1 billion infrastructure package continues the Government’s commitment to build a stronger, more productive economy. It includes:
The Budget provides extra funding for housing, including:
The primary sector receives $70 million to help eliminate bovine tuberculosis.
The Government’s goal is to eradicate TB from cattle and deer by 2026, and from infected wildlife in New Zealand by 2055.
Social Investment Package
A $652 million Social Investment package will help the most vulnerable New Zealanders by intervening early and investing in public services tailored to their needs. It includes:
The Government will invest $16.1 billion in health in 2016/17.
Over the next four years, $2.2 billion will be provided for new health initiatives and to meet demand pressures. This includes:
The Government will invest $11 billion in early childhood, primary and secondary education in 2016/17. Together, they will receive an extra $1.4 billion over this year and the next four years, including:
MÄori and Pasifika
The Justice sector receives $837 million over the next four years, plus $56 million in 2015/16 to prevent crime, rehabilitate offenders and reduce reoffending. This includes:
Fire Service and Civil Defence
Defence and security
Taxpayers’ financial commitment to Christchurch regeneration now stands at more than $17 billion - around $700 million more than signalled in the last Budget. Nearly six years after the first earthquake, progress includes: