NZ Finance Minister introduces 2006 budget
Licensed archive · Attributed source reporting
411 Brief
Today the New Zealand Finance Minister, Hon. Dr Michael Cullen, presented the 2006 New Zealand Budget to the House of Representatives. There is a NZ$8.5 billion OBERAC surplus and a NZ$1.5 billion cash surplus. It has been labelled as the "Bondi Budget" by National leader Don Brash, "Helen Clark and Michael Cullen believe there is a place for tax cuts - it's called Australia" he said. The budget allocates new operating spending of $9.6 billion and capital of $2.7 billion over the next four years. Key issues in the budget includes: The Te
Today the New Zealand Finance Minister, Hon. Dr Michael Cullen, presented the 2006 New Zealand Budget to the House of Representatives. There is a NZ$8.5 billion OBERAC surplus and a NZ$1.5 billion cash surplus.
It has been labelled as the "Bondi Budget" by National leader Don Brash, "Helen Clark and Michael Cullen believe there is a place for tax cuts - it's called Australia" he said.
The budget allocates new operating spending of $9.6 billion and capital of $2.7 billion over the next four years.
Key issues in the budget includes:
The Telecom New Zealand local loop unbundling (released earlier due to leak).
$1.3 billion extra for transport.
$3 billion extra for health care, over the next four years.
$361 million extra for schooling
$166 million extra for tertiary education and skill training
$162 million extra for early childhood education
Sources & reporting note
Licensed archive reporting by Wikinews contributors. Text: CC BY 2.5 (https://creativecommons.org/licenses/by/2.5/). Original source date retained. 411 has not independently verified this archive report.
Read the source: Wikinews ↗Source published 18 May 2006, 05:30 am IST
