BUDGET SUMMARY – Highlights and key points
Highlights and key points
- The operating surplus for 2000-01 is projected to be $641 million.
- Spending is at its lowest level as a proportion of gross domestic product since 1977.
- Net debt is forecast to fall to 17.8 per cent of gdp by the end of this electoral term, down from 21.7 per cent when the Government took office.
- $34.35 million package for economic and regional development
- An extra $467 million over four years for education, featuring boosts for adult literacy programmes, early childhood education and school principals' professional development.
- A commitment of nearly $62 million over four years on implementing the review of sport, fitness and leisure.
- An investment of $20 million in establishing centres of research excellence in tertiary institutions.
- A commitment of $100 million in the coming year to the New Zealand Venture Investment Fund so more businesses can be set on the path to global success.
- New health spending in the budget of about $1.4 billion over the next four years million, including $84.4 million a year for elective surgery.
- An increase of $173 million over four years for Child, Youth and Family Services.
- An extra $166 million for the police over the next four years.
- New spending of $46 million over four years on cultural and economic empowerment for Maori.
- The budget makes an initial contribution of $600 million to the New Zealand Superannuation Fund.