Budget 2012: Getting the formula right
Deloitte Budget commentary — 24 May 2012
Finance Minister Bill English has delivered Budget 2012 at a difficult time: the effects of the GFC seem to linger on, the Christchurch earthquake recovery is proving more complex, more time consuming and more costly, and the crisis in Europe threatens to cast an even larger shadow. What Mr English needs to do with his fourth Budget is get the formula right, balancing fiscal restraint while continuing the Government’s reform programme.
Deloitte’s team of experts has analysed the content of Budget 2012 and the likely impact of the major announcements on New Zealand business and the wider economy. Specifically, we have looked in-depth at the nation’s bank account, the likely response of the business community to this Budget, how the mixed ownership model could revitalise infrastructure spending, and the impact of the Government’s public sector reforms.
For full commentary and analysis of the Budget's key elements, download here: Budget 2012: Getting the formula right. Deloitte's Perspective >