2006 New Zealand budget

December 2019 New Zealand budget 2006 New Zealand 2005 New Zealand budget 2005 2007 New Zealand budget 2007 File:Coat_of_arms_of_New_Zealand.svg 200px Michael Cullen Parliament of New Zealand Labour $47.4 billionhttp://www.treasury.govt.nz/budget/2006/pdfs/exec-sum06.pdf Minister's Executive Summary 18 May 2006 20 March 2015 New Zealand Treasury https://web.archive.org/web/20160216132122/http://www.treasury.govt.nz/budget/2006/pdfs/exec-sum06.pdf 16 February 2016 dead $42.1 billion $4.2 billion $10 billion (Net)http://www.treasury.govt.nz/budget/2006/pdfs/befu06-2.pdf Fiscal Strategy Report – Budget 2006 New Zealand Treasury 18 May 2006 2 April 2015 https://web.archive.org/web/20150118091421/http://www.treasury.govt.nz/budget/2006/pdfs/befu06-2.pdf 18 January 2015 dead5.8% (Net debt to GDP)http://www.treasury.govt.nz/budget/2006/pdfs/fsr06.pdf Fiscal Strategy Report, Budget 2006 New Zealand Treasury 18 May 2006 2 April 2015 https://web.archive.org/web/20160216132134/http://www.treasury.govt.nz/budget/2006/pdfs/fsr06.pdf 16 February 2016 dead http://www.treasury.govt.nz/budget/2006 ǂNumbers in italics are projections. The New Zealand budget for fiscal year 2006–2007 was presented to the New Zealand House of Representatives by Finance Minister Dr Michael Cullen on 18 May 2006. This was the seventh budget Michael Cullen has presented as Minister of Finance. The budget allocated an operating spending of $6 billion and capital of $2.7 billion over the preceding four years. Outline Key issues in the budget includes: The Telecom New Zealand local loop unbundling. $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. While there was some lobbying for tax cuts, none were delivered. $8.5 billion OBERAC surplus; $1.5 billion cash surplus Reception Cullen's guiding principle was, he stated, "The fool who spends on the upturn will find himself broke on the downturn".http://www.nzherald.co.nz/section/story.cfm?c_id=1&ObjectID=10382398 Government announces $1.3b boost for transport New Zealand Herald 18 May 2006 20 March 2015 It has been labelled as the "Bondi Budget" by National party leader Dr Don Brash. Brash stated "Helen Clark and Michael Cullen believe there is a place for tax cuts – it's called Australia".https://www.national.org.nz/news/news/media-releases/detail/2006/05/18/bondi-budget-bad-for-new-zealand Bondi Budget bad for New Zealand 30 September 2014 https://web.archive.org/web/20141006151954/https://www.national.org.nz/news/news/media-releases/detail/2006/05/18/bondi-budget-bad-for-new-zealand 6 October 2014 dead References External links NZ Finance Minister introduces 2006 budget Budget 2006 NZ Herald STUFF https://web.archive.org/web/20070930050409/http://www.stuff.co.nz/stuff/0,2106,3672184a10,00.html 30 September 2007 Full text of 2006 Budget Speech Budget, 2006 Category:New Zealand budgets New Zealand budget Category:May 2006 in New Zealand