Parliament

Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 

Budget 2004: At A Glance

Budget 2004: At A Glance


- A large budget: $2.4 billion in new spending in 2004-05, rising to $3.8 billion by 2007-08.

- A prudent budget: gross debt forecast to drop to 21.8 per cent of GDP by 2007-08; surpluses of above $5 billion forecast.

- Economic outlook positive: unemployment and inflation to remain low; wages to increase steadily; growth to dip to 2.5 per cent in 2005-06 before rebounding back over 3 per cent.

- Working for Families when fully in place will: benefit more than 300,000 families; deliver an average increase of around $100 a week in direct income assistance to families in the $25,000 to $45,000 bracket, substantially reduce child poverty.

- Working for Families will: ensure people are better off from working; are able to provide their children with a decent start in life; receive their full entitlements.

- Health funding to reach $9.92 billion next year.

- Education: primary and secondary to get another $2 billion over four years; $365 million to pre-school education; $259 million to the tertiary sector.

- $500 million over four years for Growth and Innovation.

- Another 1054 state houses next year, upgrades to a further 856.

- Another $2.1 billion to the New Zealand Superannuation Fund.

- Strong law and order package, including funding for four new prisons.

- $1 billion to restore departmental budgets to realistic levels so that they are able to meet their obligations, including a further increase to the Department of Child Youth and Family.

ENDS

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Rising Toll: Road Safety Needs To Be A Higher Priority

Official advice released to the Green Party under the Official Information Act shows that the previous National Government dismissed an option to make road safety its most important transport priority after being told the road toll was rising. More>>

ALSO:

Wellington.Scoop: Arrests At Blockade Of "Weapons Expo"

“We encourage people in Wellington to get down to the Westpac Stadium now for a day of awesome peace action. There will be plenty of food, music and activities to keep us sustained through the day.” More>>

ALSO:

Rorschach Restructuring: PSA Taking Inland Revenue To Court Over Psychometrics

The Public Service Association will be seeing Inland Revenue in Employment Court over its intention to psychometrically test employees reapplying for their roles at the department as part of its controversial Business Transformation restructuring plan. More>>

ALSO:

Nuclear Disarmament: Nobel Peace Prize 2017 Awarded To ICAN

Congratulations from iCAN Aotearoa New Zealand to international iCAN, the other iCAN national campaigns and partner organisations, and the countless organisations and individuals who have worked so hard for a nuclear weapons-free world since 1945. More>>

ALSO:

Expenses: Waikato DHB CEO Resigns

An independent inquiry has identified that Dr Murray had spent more than the agreed $25K allocated for relocation costs, and other unauthorized expenses involving potential financial breaches of the chief executive’s obligations. More>>

ALSO:

Wellington.Scoop: Sad About The Trolley Buses?

The Regional Council’s MetLink is today spending money to tell us that it really loves Wellington’s trolley buses, even though they’re all being taken off our roads by the end of this month. More>>

ALSO:

Post-Election: Preliminary Coalition Talks Begin

New Zealand First will hold post-election preliminary discussions in Wellington with the National Party tomorrow morning and the Labour Party tomorrow afternoon. More>>

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election