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2009 Budget

BusinessJanuary 27

English aiming for budget surplus by 2014-15

The Government was prepared to play its part in building national savings and reducing the reliance on foreign debt, Finance Minister Bill English said yesterday.
English aiming for budget surplus by 2014-15
English aiming for budget surplus by 2014-15
DunedinJune 3

Tertiary funding boost will not match costs

Tertiary sector leaders say not enough extra funding has been allocated to institutions facing roll growth, spiralling costs and pressure to increase staff salaries.
NationalJune 3

Bleak budget prepares NZ for tough times

Finance Minister Bill English has presented a bleak budget that prepares New Zealand for even tougher times to come.
Bleak budget prepares NZ for tough times
Bleak budget prepares NZ for tough times
NationalJune 1

Scrap super fund, raise entitlement age: Morgan

New Zealand's $12.5 billion superannuation Cullen Fund should be scrapped and the age of entitlement raised, economist and commentator Dr Gareth Morgan believes.
Scrap super fund, raise entitlement age: Morgan
Scrap super fund, raise entitlement age: Morgan
DunedinMay 29

Warm response to Budget insulation initiative

A Dunedin mother who has benefited from government funding to insulate her home in the past says the initiative is "awesome" and the work done has made a real difference.
Warm response to Budget insulation initiative
Warm response to Budget insulation initiative
BusinessMay 29

Recovery the catchcry of sober Budget

Finance Minister Bill English yesterday delivered a Budget for the times, one that struck a balance between delivering support to the economy and being responsible about long-term expenses and debt.
DunedinMay 28

Through your eyes: Budget reaction

The Otago Daily Times spoke with three people before and after the budget - a young professional, a worker nearing retirement and the owner of a small/medium business. This is what they had to say.
Through your eyes: Budget reaction
Through your eyes: Budget reaction
NationalMay 28

Budget delivers insulation boost for homeowners

A budget designed to deal with chill economic times has delivered one warm fuzzy- a grant up to $1800 for homeowners, which is not subject to income testing.
Budget delivers insulation boost for homeowners
Budget delivers insulation boost for homeowners
South OtagoMay 28

Big increase in inmates expected at Otago Prison

The number of prisoners at the Otago Corrections Facility will rise next year, possibly by hundreds, following a Budget announcement funding had been allocated for double bunking.
NationalMay 28

'Broken promise' slammed

Tax cuts planned for next year and 2011 have, as expected, been deferred by the Government.
NationalMay 28

Public sector savings free cash for priorities

New Zealand's public sector has a large role to play in the recovery of the economy from recession and Finance Minister Bill English made it clear yesterday that hard work already started needed to continue.
NewsMay 28

Health sector happy with Budget funding

Otago District Health Board chairman Erroll Millar says he is "enormously grateful" for the level of health funding announced in yesterday's Budget, which amounted to 40% of new Government spending.
NationalMay 28

English's Budget credit-rating bid succeeds

Finance Minister Bill English achieved something that seemed almost impossible a month or so ago in having the country's credit ratings maintained near the top of the range.
English's Budget credit-rating bid succeeds
English's Budget credit-rating bid succeeds
NationalMay 28

Risks in decade of deferred funding

The Government is committed to maintaining New Zealand Superannuation entitlements at their current level but will need to explain how it intends funding them.
NewsMay 28

$26.5m for genomics facility 'grand news'

After an anxious few months, Dunedin scientists are welcoming confirmation of Government funding for a new collaborative genomics facility.
NewsMay 28

Mixed reaction to education funding

Many in Otago's education sector have welcomed the 2009 Budget, but it has also been labelled "underwhelming".
BusinessMay 28

Growth plan too limited, Budget critics say

Saving and supporting jobs during the recession appeared top of the list for Finance Minister Bill English when he released his first Budget of the new National-led administration yesterday.
NationalMay 28

Tax cut deferral debated

The Government moved immediately tonight to pass legislation scrapping tax cuts which were to come in during the next two years.
NationalMay 28

Budget fails tertiary system, critics say

Students, universities and other training institutions say lack of spending on tertiary education will lead to less opportunity for study, academics leaving for better money overseas and leave the country less able to respond in an economic recovery.
NationalMay 28

Science spending seen as timid

One of the nation's highest-profile scientists, Paul Callaghan, of Victoria University, says today's budget was "extremely disappointing" for science and technology.
Science spending seen as timid
Science spending seen as timid
NationalMay 28

Super fund suspension 'questionable'

Plans to suspend contributions to the New Zealand Superannuation Fund until 2020 are a short-term action and could bring long-term pain, says consulting, outsourcing and investments firm Mercer.
NationalMay 28

Govt looks hard at balance sheet

The Government is taking a look at the risks and performance of the assets and liabilities in its huge balance sheet.
NationalMay 28

NZ dollar rises on S&P ratings outlook upgrade

The New Zealand dollar rose on news that credit rating agency Standard & Poor's has upgraded the outlook on New Zealand's credit rating to stable from negative.
NationalMay 28

Govt razor gang finds $2b in savings

Reviews of departmental spending have found $2 billion in cuts over the next four years which Finance Minister Bill English says will be ploughed back into areas the Government feels are of higher priority.
NationalMay 28

Defence force gets $52m boost from budget

With buildings and equipment in need of repair and trouble recruiting and retaining staff the Defence Force will welcome a $52 million boost next year.