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New growth focus budget welcomed


New growth focus budget welcomed.

“A welcome shift in focus from austerity to investing for growth.“

Michael Barnett, Head of the Auckland Chamber of Commerce, said the measures to improve housing affordability and speed up housing consents will have a positive impact right across the domestic economy.

The boost to R & D, tourism and international education are a good start of a needed shift from austerity to building an economic platform based in innovative-led growth.

“With the forecast surplus of $75 million in 2013/2014, overall this budget will be welcomed by the business community,” said Mr Barnett.


ends


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