This is what a conservative Govt does..............

orchidmanorchidman Senior MemberPosts: 7,719 Senior Member
............operates on a surplus.

Our Financial Minister presented this years budget today..............and for the first time in 10 yrs ( since 2004) the govt is operating on a surplus.

New Zealand Finance Minister Bill English has unveiled a Crown balance sheet where revenue growth runs ahead of expenses in an economy accelerating to the fastest pace in a decade.

English confirmed a return to Budget surplus in 2015 at $372 million, wider than the $86 million projected in the half year economic and fiscal update. Core Crown revenue is forecast to rise 32 percent to $84.7 billion by 2018, while expenses rise at half that pace - 16 percent - to $81.5 billion in the same period. Net core Crown debt rises 16 percent to $64.9 million by 2018.

The New Zealand economy is forecast to grow 4 percent in the year ending March 31, 2015, the fastest since growth of 4.2 percent in 2004 and an improvement on the 3.6 percent pace the Treasury was projecting back in December. That's faster than growth expected in Australia, the US, UK, Canada, Japan and the euro region. Over the five-year forecast horizon, New Zealand's real gross domestic product growth is to average 2.8 percent.


Here is the link.........for those that may be interested.

https://nz.finance.yahoo.com/news/sweet-spot-budget-marks-nz-020800852.html

The govt has been cutting back on its spending by being fiscally responsible.............and our economy is now back on track.....

All we need now is the socialists that got us into deep crap to win this years election and once again start spending up large to screw the country again............

Unfortunately there was nothing in the budget to alleviate the suffering to exporters caused by our high dollar, but leaving that aside for the moment, I am happy that the 'belt tightening' and responsible fiscal policies have put us on the right path.....
Still enjoying the trip of a lifetime and making the best of what I have.....

Replies

  • Big ChiefBig Chief Senior Member Posts: 32,990 Senior Member
    I wish our spend-like-there-ain't-no-tomorrow politicians over here would look at what NZ did and come up with a better plan for us.

    So how much is a NZ compared to a US dollar and Euro on the exchange?
    It's only true if it's on this forum where opinions are facts and facts are opinions
    Words of wisdom from Big Chief: Flush twice, it's a long way to the Mess Hall
    I'd rather have my sister work in a whorehouse than own another Taurus!
  • TrueTone911TrueTone911 Senior Member Posts: 6,045 Senior Member
    A glimmer of hope of what a regime change can do.


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  • knitepoetknitepoet Senior Member Posts: 18,751 Senior Member
    Sounds good my firend :beer:
    A glimmer of hope of what a regime change can do.

    :that: :agree:
    Seven Habits of Highly Effective Pirates, Rule #37: There is no “overkill”. There is only “open fire” and “I need to reload”.


  • TeachTeach Senior Member Posts: 18,348 Senior Member
    There's an old saying about a spendthrift wife that probably won't be understood by anyone who hasn't been around a house heated with coal- - - - -"She can throw more money out the back door with a scoop than her husband can bring into the front door with a shovel!" That's exactly how I feel about our politicians who are buying votes with the money the hardworking taxpayers provide. Hang 'em all and start over!
    Jerry
    Hide and wail in terror, Eloi- - - -We Morlocks are on the hunt!
    ASK-HOLE Someone who asks for advice and always does something opposite
  • orchidmanorchidman Senior Member Posts: 7,719 Senior Member
    Big Chief wrote: »
    I wish our spend-like-there-ain't-no-tomorrow politicians over here would look at what NZ did and come up with a better plan for us.

    So how much is a NZ compared to a US dollar and Euro on the exchange?

    One of your dollars buys a $1.15c of ours ......................or $1nz buys 86.7c us........................... to put it in easier figures. $867USD gets you $1000 of our Kiwi dollars
    Still enjoying the trip of a lifetime and making the best of what I have.....
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