2007 New Zealand budget

New Zealand budget 2007 New Zealand 2006 New Zealand budget 2006 2008 New Zealand budget 2008 File:Coat_of_arms_of_New_Zealand.svg 200px Michael Cullen Parliament of New Zealand Labour $59.4http://www.treasury.govt.nz/budget/2007/taxpayers/taxpayers07.pdf Minister's Executive Summary 17 May 2006 20 March 2015 New Zealand Treasury https://web.archive.org/web/20150402112132/http://www.treasury.govt.nz/budget/2007/taxpayers/taxpayers07.pdf 2 April 2015 dead $56.1 billion $6.4 billion $4.7 billion (Net) 2.7% (Net debt to GDP) http://www.treasury.govt.nz/budget/2007 ǂNumbers in italics are projections. The New Zealand budget for fiscal year 2007-2008 was presented to the New Zealand House of Representatives by Finance Minister Dr Michael Cullen on 17 May 2007. This was the eighth budget Michael Cullen presented as Minister of Finance. Outline Tax changes Budget 2007 made a number of changes to the tax system: reduced the Company Tax rate from 33% to 30%.http://taxpolicy.ird.govt.nz/news/2007-05-17-budget-2007-tax-announcements Budget 2007 tax announcements 17 May 2007 24 March 2015 IRD 5 April 2015 https://web.archive.org/web/20150405001041/http://taxpolicy.ird.govt.nz/news/2007-05-17-budget-2007-tax-announcements dead introduced a 15% research and development tax credit. KiwiSaver Budget 2007 made a number of changes to the KiwiSaver scheme:http://taxpolicy.ird.govt.nz/sites/default/files/news/2007-05-17-budget-2007-11-kiwisaver-savers-fact-sheet-qa.pdf KiwiSaver Savers Fact Sheet Q&A 17 May 2007 24 March 2015 IRD 26 January 2015 https://web.archive.org/web/20150126134749/https://taxpolicy.ird.govt.nz/sites/default/files/news/2007-05-17-budget-2007-11-kiwisaver-savers-fact-sheet-qa.pdf dead Member contributions to KiwiSaver were matched by a tax credit, to a maximum of $20 per week (a total of $1,040 per year); Increases to employers contributions to employees KiwiSaver accounts. Infrastructure Budget 2007 announced funding for the Auckland railway electrification project.http://www.scoop.co.nz/stories/PO0705/S00304.htm 21st century public transport for Auckland ARTA 17 May 2007 20 March 2015 References External links The Beehive - Budget 2007 Budget, 2007 Category:New Zealand budgets New Zealand budget Category:May 2007 in New Zealand