Budget 2006
Budget date announced:
Finance Minister
Michael Cullen will deliver his seventh budget on Thursday 18 May,
on announcing the date Mr Cullen said
"Budget 2006 will underline the government's commitment to
transforming the economy. We need more globally competitive firms
and this budget will continue efforts towards building a more
dynamic, knowledge-based economy. A more affluent economy is
essential if we are to deliver more choice and security for
families young and old." He said. "The first budget of the new
Parliamentary term will reinforce the good progress this Labour-led
government has made."
However, Dr Cullen reiterated that restraint would be the watchword
for Budget 2006 by saying "As I have been saying for some time
there is very little room for significant fiscal loosening. This
government entered the last election with the tightest fiscal
policy of any party and we intend to remain fiscally
responsible."
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