2017 New Zealand budget

The New Zealand budget for fiscal year 2017/18 was presented to the New Zealand House of Representatives by Finance Minister Steven Joyce on 25 May 2017.[2] It was the ninth budget of the Fifth National Government, and the first presented by Joyce in his role as Minister of Finance. This was the last budget presented by the Fifth National government which was defeated at the 2017 general election.

2017 (2017) New Zealand budget
Submitted bySteven Joyce
Presented25 May 2017
ParliamentNew Zealand Parliament
PartyNational
SurplusIncrease $1.8 billion[1]
WebsiteBudget 2017
ǂNumbers in italics are projections.
‹ 2016
2018 ›

Major announcements

Economic Development and Infrastructure

Environment

Finance and Government Administration
  • Personal income tax thresholds adjusted to give tax cuts from 1 April 2018. New rates are 10.5% on the first $22,000 of income (previously $14,000), 17.5% on income between $22,001 and $52,000 (previously $48,000), 30% from $52,001 to $70,000 (no change), and 33% from $70,001 and up.[7]

Health
  • $60 million over four years to increase Pharmac's pharmaceutical subsidy budget.[8]
  • $59.2 million over four years to enable double-crewing of all emergency ambulances.[9]

Māori, Other Populations and Cultural
  • $10.1 million to upgrade Archives New Zealand's and the National Library of New Zealand's long-term storage facilities.[10]

Social Development and Housing
  • Investing NZ$194 million for Social Development initiatives including $64 million to put people into employment and $38 million for the development of a new Social Investment Agency.[11]
  • NZ$185 million for social housing including expanding the Housing First programme and a housing pathway for newly-released inmates.[11]

Reaction

As is tradition, the Leader of the Opposition, Andrew Little, moved a motion of no confidence in reply to the Budget speech.

References
  1. "Budget At a Glance" (PDF). 26 May 2016. Archived from the original (PDF) on 20 December 2016. Retrieved 12 June 2019.
  2. "Date for Budget 2017 revealed". The New Zealand Herald. 8 February 2017. Retrieved 3 May 2017.
  3. Bridges, Simon (27 April 2017). "Budget funds crucial South Island Transport link". New Zealand Government. Retrieved 25 May 2017.
  4. Bennett, Paula (11 May 2017). "Budget 2017: $178m package for tourism infrastructure". New Zealand Government. Retrieved 25 May 2017.
  5. "Budget At a Glance" (PDF). New Zealand Treasury. 2017.
  6. Barry, Maggie (11 May 2017). "Budget 2017: $76m for DOC tourism infrastructure". New Zealand Government. Retrieved 25 May 2017.
  7. "Budget 2017: Family income and tax package - by the numbers". Stuff.co.nz. 25 May 2017. Retrieved 25 May 2017.
  8. Coleman, Jonathan (7 May 2017). "Budget 2017: $60 million more for Pharmac". New Zealand Government. Retrieved 25 May 2017.
  9. Coleman, Jonathan; Woodhouse, Michael; Dunne, Peter (14 May 2017). "Budget 2017: Double crewing for road ambulance". New Zealand Government. Retrieved 25 May 2017.
  10. Dunne, Peter (15 May 2017). "Budget 2017: $10.1 million to preserve New Zealand's documentary heritage". New Zealand Government. Retrieved 25 May 2017.
  11. "Budget 2017 at a glance" (PDF). New Zealand Treasury. Retrieved 4 June 2019.
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