Budget set for May 15, renewed promise of 2015 surplus
Jan. 29 (BusinessDesk) - Finance Minister Bill English will deliver the government’s 2014 budget on May 15.
This will be the National-led government’s sixth budget since election in 2008, and they’re on track to deliver a surplus in 2015, English said in a statement. Prime Minister John Key confirmed yesterday that the government is sticking to a limit on new spending of $1 billion.
Key also signalled that the government will continue to focus on funding capital investment from the proceeds of partial privatisations, and continue to “fine-tune the tax system” including “a focus on domestic and international efforts to combat profit shifting by multinationals.”