Boost spending, ease taxes, support investment – Budget 2017
“All New Zealanders deserve the opportunity to make the most of their potential, but we cannot provide that opportunity without a growing economy.”
Bill English, Sharing the benefits of growth, Media Release 25 May
Did we expect an easier ride from an election year budget? Yup. And we got it. The 2017 Budget’s bottom line is to boost spending, ease taxes and give some extra legroom to our growing population and economy.
The Budget 2017 combines tax breaks for working families with support for innovation and investment in business. The surplus predicted is largely earmarked for capital spend on infrastructure and there’s an intention to keep cutting back our net debt.
Business owners may see new opportunities, particularly in the emphasis on innovation and infrastructure, but they’ll have to make their own luck and keep those wheels turning.