2016 New Zealand budget

The New Zealand budget for fiscal year 2016/17 was presented to the New Zealand House of Representatives by Finance Minister Bill English on 26 May 2016.[3] It was the eighth budget English has presented as Minister of Finance, and the eighth budget of the Fifth National Government.

2016 (2016) New Zealand budget
Submitted byBill English
Presented21 May 2016
ParliamentParliament of New Zealand
PartyNational
Total revenueIncrease $78.5b[1]
Total expendituresIncrease $77.4b[1]
SurplusIncrease $1.1b[1]
DebtIncrease $62.3b net debt[2]
Decrease 24.9% net debt to GDP[2]
Websitewww.treasury.govt.nz/budget/2016
ǂNumbers in italics are projections.
‹ 2015
2017 ›

Breakdown by sector

Economic Development and Infrastructure
  • $22.2 million over four years to increase national cyber security, including establishing a new government agency to assist in detecting and responding to cyber security threats.[4]
  • $20 million over four years to the tourism sector, to fund small infrastructure projects to cope with increasing tourist numbers and to target growing tourism markets.[5]

Education
  • $15.3 million over four years to provide extra teacher aide support for students with special needs.[6]

Health
  • $39 million extra funding in 2016/17 and $124 million over four years to increase Pharmac's annual pharmaceutical budget.[7]

Māori, Other Populations and Cultural
  • $303 million over five years to combine the New Zealand Fire Service, the National Rural Fire Authority and rural fire authorities into one organisation.[8]
  • $12.6 million over four years to the Māori Housing Network for Māori housing projects.[9]

Social Development and Housing
  • $41.1 million over four years to provide for 3000 emergency housing places.[10]

References
  1. "Budget At a Glance" (PDF). 26 May 2016. Archived from the original (PDF) on 20 December 2016. Retrieved 7 December 2016.
  2. "Budget Economic and Fiscal Update" (PDF). 16 May 2016. Archived from the original (PDF) on 16 November 2016. Retrieved 7 December 2016.
  3. "English sets date for Budget 2016". Radio New Zealand. 16 February 2016. Retrieved 4 May 2016.
  4. Adams, Amy (5 May 2016). "Budget 2016: $22.2m to boost cyber security". New Zealand Government. Retrieved 12 May 2016.
  5. Key, John (13 May 2016). "Budget 2016: Tourism sector gets further boost". New Zealand Government. Retrieved 14 May 2016.
  6. Parata, Hekia (10 May 2016). "Budget 2016: More kids to get teacher aide help". New Zealand Government. Retrieved 12 May 2016.
  7. Wong, Simon; Sherman, Maiki (4 May 2016). "Pharmac to get extra $39M". Mediaworks New Zealand. Retrieved 9 May 2016.
  8. Dunne, Peter (10 May 2016). "Budget 2016: $303m to merge and modernise New Zealand's fire services". New Zealand Government. Retrieved 12 May 2016.
  9. Flavell, Te Ururoa (10 May 2016). "Budget 2016: $12.6m increase for Māori Housing". New Zealand Government. Retrieved 12 May 2016.
  10. Bennett, Paula (9 May 2016). "Budget 2016: 3000 emergency housing places funded". New Zealand Government. Retrieved 12 May 2016.
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