Budget 2017

Budget 2017 shows a strong economy generating a solid set of fiscal forecasts. Rising budget surpluses have afforded the Government the opportunity to make some choices about how to use those surpluses and that has included a significant family incomes package, detail on planned infrastructure investment and significant new spending in social services. This is a balanced budget with much of the criticism likely to centre on whether the Government should be using its balance sheet more effectively. Overall the Budget paints a picture of a solidly growing economy underpinning a strong fiscal outlook and that's important in today's world.

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Bevan Graham | NZ Chief Economist | AMP Capital

Ground Floor 113-119 The Terrace Wellington 6011 T +64 4 494 2288 | M +64 21 490 115 bevan.graham@ampcapital.co.nz | ampcapital.co.nz

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