Deloitte on Budget 2012: Is Govt getting the formula right?
May 23, 2012
Budget 2012 – Deloitte’s perspective: Is the Government getting the formula right?
Budget 2012 is a test of Finance Minister Bill English’s mettle. His fourth Budget comes 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 is get the formula right for his fourth Budget. Fiscal restraint has to be the order of the day but the Government’s reform programme must also continue apace. The mixed ownership model offers an opportunity to create a new funding regime for infrastructure spending, and the drive for public sector efficiency – particularly in welfare – while maintaining service levels will be critical.
Deloitte will be attending the Budget 2012 Treasury lock-up and our team of experts will be able to provide detailed analysis of the Budget announcements and share insights on how they will impact businesses and the wider economy.
Deloitte will also be distributing its comprehensive post-Budget analysis document – Budget 2012: Getting the formula right – tomorrow afternoon at about 3pm.