Strong economy delivers $4.1 billion surplus

KoreaPost 0 1,028 2017.10.05 12:22

0580ecbc21df4772be6f6d8335a35f7b_1507159
 

The New Zealand Government has achieved its third fiscal surplus in a row with the Crown accounts for the year ended 30 June 2017 showing an OBEGAL surplus of $4.1 billion, $2.2 billion stronger than last year, Finance Minister Steven Joyce says.

 

“The 2016/17 Crown accounts are a direct demonstration of the hard work of New Zealanders since the Global Financial Crisis and the benefit of a strong economic plan that is delivering consistent growth,” Mr Joyce says.

 

Core Crown tax revenue was $75.6 billion for the 2016/17 year, up 7.4 per cent from the previous year with all major tax types increasing.

 

“The 12.3 per cent growth over last year in company tax, a 7.1 per cent growth in GST, and a 7.4 per cent growth in personal income tax, are a direct consequence of the confidence and growth of Kiwi companies and the growth in jobs.”

 

Core Crown tax revenue growth of $5.2 billion outpaced core Crown expenditure growth of $2.4 billion.

 

The final OBEGAL result for the year is $363 million better than predicted by Treasury at the time of the Pre-election Fiscal Update, largely due to core Crown expenditure being $502 million less than forecast. 

 

“This better result should be seen as a one-off. Treasury advises that much of this expenditure reduction reflects timing differences and is likely to reverse out in the years ahead,” Mr Joyce says. 

 

The country’s net debt has reduced in nominal terms by $2.4 billion from last year, to $59.5 billion. Net debt has dropped to 22.2 per cent of GDP.

 

“This is the first time net debt has reduced in actual dollar terms since the GFC and the Christchurch earthquakes,” Mr Joyce says. “It’s a significant milestone in the country’s economic recovery from those twin shocks.”

 

Mr Joyce says that the 2016/17 full year result should be interpreted with caution, and not seen as automatically flowing through into higher surpluses than forecast in the years ahead.

 

“Treasury has based its forecasts on current economic settings and some reasonably solid growth predictions for the years ahead. A number of commentators have noted a softening of growth indicators in recent days.

 

“The Government’s future surpluses will be needed to meet the cost of the significant investments we have committed to as part of the next four Budgets including the Government’s $32.5 billion infrastructure programme.

 

“We also need to keep reducing debt over time to prepare for the next rainy day event.” 

  

  • 페이스북으로 보내기
  • 트위터로 보내기
  • 구글플러스로 보내기
  • 카카오스토리로 보내기
  • 네이버밴드로 보내기

Comments

 플러스 광고

조앤제이
조앤제이 09-336-1155 각종 뉴질랜드 이민 비자 전문 Immigration Adviser Kyong Sook Cho Chun T. 093361155
코리아포스트 / The Korea Post
교민잡지, 생활정보, 코리아포스트, 코리아타임즈 T. 09 3793435
MIK - 화장품 전문 쇼핑몰
mik,buymik,화장품,한국,라네즈,설화수,헤라,이니스프리,마몽드,잇츠스킨,후,마스크팩,믹,바이믹 T. 097777110

Aucklanders must keep saving water as daily t…

댓글 0 | 조회 1,180 | 2017.03.14
Aucklanders have used 419 million litres of water in the past 24 hours, exceeding the daily target, … 더보기

Water saving target achieved two days running…

댓글 0 | 조회 960 | 2017.03.13
Aucklanders continued to respond to calls for reduced water use yesterday with total consumption fal… 더보기

Events postponed, cancelled or moved this wee…

댓글 0 | 조회 994 | 2017.03.10
The Onehunga Festival has been postponed because of the bad weather.​Has your Auckland event been ca… 더보기

Ponsonby Road pedestrian improvements project…

댓글 0 | 조회 979 | 2017.03.09
An artist’s impression of what the Collingwood Street intersection on Ponsonby Road might look like … 더보기

Celebrating International Women’s Day

댓글 0 | 조회 919 | 2017.03.08
At Auckland Council we’re committed to gender equality, diversity and inclusiveness. To mark this ye… 더보기

New road connection for Warkworth

댓글 0 | 조회 970 | 2017.03.07
Transport Minister Simon Bridges and Mayor Phil Goff cutting the ribbon.Stage 1 of Western Collector… 더보기

Monte Cecilia School costs released

댓글 0 | 조회 1,001 | 2017.03.06
Following recent media interest, Kataraina Maki, Auckland Council's General Manager Community and So… 더보기

Annual Budget: Have your say on rates

댓글 0 | 조회 1,113 | 2017.03.03
As part of our Annual Budget consultation, we are asking Aucklanders for feedback on a number of iss… 더보기

Rehabilitation through recycling

댓글 0 | 조회 1,219 | 2017.03.03
A transformative rehabilitation project at Paremoremo Auckland Prison is reducing waste sent to land… 더보기

Meet the Inspections Manager: Jeff Fahrensohn

댓글 0 | 조회 1,017 | 2017.03.02
Jeff Fahrensohn is the Inspections Manager at Auckland Council. He is in his 22ndyear at the council… 더보기

Consultation opens on draft bylaw for indoor …

댓글 0 | 조회 1,002 | 2017.03.01
Public consultation started this week on a draft bylaw that sets out rules for how Aucklanders can u… 더보기

Your A-Z guide for Parks Week

댓글 0 | 조회 1,414 | 2017.03.01
A-Z guide for Auckland's parks.Wander over expansive green hills, take the kids to the nearby playgr… 더보기

What makes Auckland's economy tick?-First eco…

댓글 0 | 조회 988 | 2017.02.28
Find out what makes Auckland's economy tick.Want to know more about Auckland's economy?After a one-y… 더보기

Customs makes record drug seizures

댓글 0 | 조회 917 | 2017.02.28
Customs Minister Nicky Wagner is today congratulating Customs on a record number of drug seizures in… 더보기

What’s the secret to getting active?

댓글 0 | 조회 912 | 2017.02.27
Friends who work out together go the distance!When it comes to getting active, forget flying solo – … 더보기

Women take the lead on central city redevelop…

댓글 0 | 조회 1,386 | 2017.02.25
Left to right: Elspeth Gray, Senior Architect at Stevens Lawson Architects; Karina Mascarenhas, Seni… 더보기

More bus and train services ahead of ‘March M…

댓글 0 | 조회 999 | 2017.02.24
Auckland Transport (AT) is putting on more bus and train services to meet passenger demand during Ma… 더보기

Free health checks for rental properties

댓글 0 | 조회 1,025 | 2017.02.23
How healthy is your rental property?Landlords with rentals in theMāngere-Ōtāhuhu,Whau,PuketāpapaandM… 더보기

Unwanted TVs top inorganics list

댓글 0 | 조회 1,068 | 2017.02.22
Of the multitude of items Aucklanders throw out in their annual inorganic collection some things are… 더보기

Eagle-eyed public credited with discovery of …

댓글 0 | 조회 921 | 2017.02.22
Vigilant members of the public are being praised for helping to uncover a haul of over more than 300… 더보기

Auckland experiences busiest ever week for cr…

댓글 0 | 조회 934 | 2017.02.21
Auckland has enjoyed its busiest ever week for cruise ship arrivals, including having four cruise sh… 더보기

Bargain Spot set to launch in New Zealand

댓글 0 | 조회 1,142 | 2017.02.17
Bargain shoppers in New Zealand will be following their Australian counterparts as online shopping s… 더보기

International visitor spending reaches $10.1b

댓글 0 | 조회 1,002 | 2017.02.17
Communities around New Zealand are continuing to benefit from steady growth in international visitor… 더보기

Mayor disappointed at Government’s fuel tax d…

댓글 0 | 조회 1,097 | 2017.02.16
Mayor Phil Goff has expressed his disappointment at the Government’s decision to rule out a regional… 더보기

Dog owners warned of serious risk posed by ka…

댓글 0 | 조회 1,127 | 2017.02.15
Auckland Council is warning dog owners about the risk of berries from karaka trees. The berries are … 더보기

Late night Safe Zone returns to the central c…

댓글 0 | 조회 974 | 2017.02.15
Auckland Safe Zone open 24 Feb - 18 Mar lower Queen StThe Auckland Safe Zone will be back in lower Q… 더보기

Artist captures 100 days of waste

댓글 0 | 조회 913 | 2017.02.14
Auckland artist Elle Anderson has documented her contribution to landfill in a stunning photography … 더보기

Calling all creatives for an experience of a …

댓글 0 | 조회 896 | 2017.02.13
2016 Artist in Residence - Kate ParkerThereare only two weeks remaining to apply for the 2017 Auckla… 더보기

Upgraded water quality guide considered

댓글 0 | 조회 1,008 | 2017.02.12
Auckland is to consider upgrades to the Safeswim water quality monitoring programme at the council's… 더보기

Lots of love to be found at Auckland Council …

댓글 0 | 조회 1,073 | 2017.02.10
Looking for love? Never feel lonely again.Wake up to your most loving Valentine’s Day ever and never… 더보기

Digital playgrounds return to Auckland parks

댓글 0 | 조회 1,040 | 2017.02.09
Magical Park– an app that transforms a normal park into a digital playground – is back for the rest … 더보기

Plan your visit to the Auckland Lantern Festi…

댓글 0 | 조회 1,215 | 2017.02.08
The Lantern Festival is Auckland’s largest cultural festival, with more than 200,000 people attendin… 더보기

The best way to explore Waiheke

댓글 0 | 조회 1,118 | 2017.02.07
Te Ara Hura walking track​Te Ara Hura on Waiheke.Explore Waiheke’s coastline, pass through native bu… 더보기

Largest City Rail Link tender process starts

댓글 0 | 조회 1,382 | 2017.02.04
An artist's impression of the new Aotea Station.The largest component of the City Rail Link (CRL) pr… 더보기

Plan your travel to Guns N' Roses and the Auc…

댓글 0 | 조회 1,235 | 2017.02.03
For both the Downer NRL Auckland Nines and the Guns N’ Roses concert this Waitangi weekend, travel o… 더보기

Final weekend of Dinosaurs in the Gardens

댓글 0 | 조회 1,181 | 2017.02.02
Grab the kids and meet the prehistoric dinosaurs roaming the Auckland Botanic Gardens before they go… 더보기

Muriwai Beach Campground reopens for Waitangi…

댓글 0 | 조회 1,302 | 2017.02.02
Nature lovers can now book to spend Waitangi weekend at one of Auckland’s most beautiful beaches wit… 더보기

Watch: Britomart's temporary entrance goes up

댓글 0 | 조회 1,173 | 2017.02.01
See Auckland Transport's time lapse video of the new temporary Britomart entrance being constructed.… 더보기

Mayor signs up for Aotearoa Bike Challenge

댓글 0 | 조회 1,075 | 2017.02.01
Mayor Phil Goff is looking forward to the challenge.The Auckland Bike Challenge kicks off today and … 더보기

Stay alert at intersections and make it home …

댓글 0 | 조회 1,109 | 2017.02.01
Auckland Transport (AT) is encouraging drivers to stay alert at intersections and make it home safel… 더보기

Glenfield youth centre now open

댓글 0 | 조회 1,272 | 2017.01.29
Members of the Kaipātiki Youth Board, with youth facility operators, Kaipātiki Local Board Chair Dan… 더보기

Auckland Anniversary Weekend on the Waterfron…

댓글 0 | 조회 1,476 | 2017.01.29
Friday 27 January 2017, 12.00pm - Monday 30 January 2017, 6.00pmWhereAuckland’s waterfront & har… 더보기

Council takes cemetery issues seriously

댓글 0 | 조회 1,110 | 2017.01.29
Cemeteries unreservedly apologises for mistakePapakura South Cemetery, Auckland CemeteriesAuckland C… 더보기

Albany Stadium Pool opens 28 January

댓글 0 | 조회 2,079 | 2017.01.27
Auckland Council’s brand new state-of-the-art Albany Stadium Pool officially opens to the public on … 더보기

Strong start to summer tourism spending

댓글 0 | 조회 1,118 | 2017.01.27
Nearly every region across New Zealand experienced strong growth in tourism spending this summer, To… 더보기

How to – safely – help someone who's drowning

댓글 0 | 조회 1,127 | 2017.01.26
Since 1980, 93 people have drowned while trying to save another person. Typically it is the person i… 더보기

Ultra-Fast Broadband extended to 151 towns

댓글 0 | 조회 1,093 | 2017.01.26
Prime Minister Bill English and Communications Minister Simon Bridges today announced Ultra-Fast Bro… 더보기

Council working with NZTA on Rodney traffic h…

댓글 0 | 조회 1,201 | 2017.01.25
Summer is in full swing and the traffic choke points of Hill Street on State Highway 1 in Warkworth … 더보기

NZ reclaims top spot in global anti-corruptio…

댓글 0 | 조회 1,345 | 2017.01.25
Justice Minister Amy Adams has welcomed New Zealand's return to the top of global transparency ranki… 더보기

Minimum wage to increase to $15.75

댓글 1 | 조회 1,810 | 2017.01.24
The minimum wage will increase by 50 cents to $15.75 an hour on 1 April 2017, Workplace Relations an… 더보기