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Budget 2016

Page updated 8 Dec 2016

This is the home page for Budget 2016 for the Government of New Zealand. Hon Bill English is Minister of Finance.

Budget 2016 Logo.

The Budget website at www.budget.govt.nz is optimised for mobile and tablet devices and provides access to the current Budget documents and interactive charts and features such as My Tax Dollars.

Document Tabled on 8 December 2016

Half Year Economic and Fiscal Update (HYEFU) 2016
The Update includes the Treasury's overall economic forecasts and the forecast financial statements of the Government, along with the implications of government financial decisions and other information relevant to the fiscal and economic position.

Documents Tabled on 26 May 2016

The core Budget documents available on the Treasury website are listed below. Most of these documents are tabled in Parliament by the Minister of Finance on Budget Day, 26 May 2016.

Budget at a Glance
The Budget at a Glance / Economic and Fiscal Story is the overview of all the Budget information and contains the main points for the media and public. This summarises the Government's spending decisions and key issues raised in the Budget Speech, the Fiscal Strategy Report, and the Budget Economic and Fiscal Update.
Budget Speech
The Budget Speech is the Minister of Finance's speech delivering the Budget Statement at the start of Parliament's Budget debate. The Budget Statement generally focuses on the overall fiscal and economic position, the Government's policy priorities and how those priorities will be funded.
Fiscal Strategy Report
The Fiscal Strategy Report sets out the Government's fiscal strategy in areas such as the balance between operating revenues and expenses, and its debt objectives.
Summary of Initiatives in Budget 2016
The Summary of Initiatives presents the new initiatives contained in the Budget in a number of different ways – by Budget package, by area of spending and by Vote. Each section does not build on the last, but repeats and recuts the same information.
Budget Economic and Fiscal Update (BEFU) 2016
The Update includes the Treasury's overall economic forecasts and the forecast financial statements of the Government, along with the implications of government financial decisions and other information relevant to the fiscal and economic position.
Estimates of Appropriations for the Government of New Zealand for the Year Ending 30 June 2017
The Estimates outlines for the financial year about to start (the Budget year) expenses and capital expenditure the Government plans to incur on specified areas within each Vote, and capital injections it plans to make to individual departments. The Estimates is organised into 10 sector volumes, with each Vote allocated to one sector. Supporting information in the Estimates summarises the new policy initiatives and trend information for each Vote and provides information on what is intended to be achieved with each appropriation in a Vote and how performance against each appropriation will be assessed and reported on after the end of the Budget year.
Supplementary Estimates of Appropriations for the Government of New Zealand for the Year Ending 30 June 2016
The Supplementary Estimates outlines the additional expenses, capital expenditure and capital injections to departments required for the financial year about to end. Supporting information for each Vote provides reasons for the changes to appropriations during the year, related changes in performance information and full performance information for new appropriations.

Document Tabled on 15 December 2015

Budget Policy Statement (BPS) 2016
The Budget Policy Statement sets out the overarching policy goals that will guide the government's Budget decisions and the government's priorities for the forthcoming Budget.

Ministers' Budget-related Information

Material prepared by Ministers' offices to explain some of the key Budget initiatives is available from the Beehive website's Feature: Budget 2016 page.

Budget 2016 Information Release

The Treasury published on 14 July 2016 the Budget 2016 Information Release of background information relating to Budget 2016 decisions. See Budget 2016 Information Release

Treasury Budget-related Information

Other material published by the Treasury includes:

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