2011 New Zealand budget
 | |
| Submitted by | Bill English |
|---|---|
| Parliament | Parliament of New Zealand |
| Party | National |
| Total revenue |
 $57 billion[1] |
| Total expenditures |
$72.8 billion[1] |
| Deficit |
 -$16.7 billion[1] |
| Debt |
$41.5 billion (Net)[1] 20.8% (Net debt to GDP)[1] |
|
ǂNumbers in italics are projections. ‹ 2010 2012 › | |
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 2010.[2]
This was the second 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 2 3 4 5 "Budget 2011 - Minister's Executive Summary" (PDF). 19 May 2010. Retrieved 20 March 2015.
- ↑ "Budget 2011". New Zealand Treasury. 19 May 2010. Retrieved 20 March 2015.
- ↑ "Budget 2011 home page". The Beehive. 19 May 2010. Retrieved 20 March 2015.
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