Investor Presentaiton
Budget Responsibility Rules
Current Government is committed to prudent fiscal strategy with 5 Budget Responsibility
Rules:
Deliver a sustainable operating surplus across an economic cycle.
Reduce the level of net core Crown debt to 20 per cent of GDP within five years of taking office.
Prioritise investments to address the long-term financial and sustainability challenges facing
New Zealand.
Take a prudent approach to ensure expenditure is phased, controlled and directed to maximise its
benefits. The Government will maintain its expenditure to within the recent historical range of spending
to GDP ratio.
Ensure a progressive taxation system that is fair, balanced and promotes the long-term sustainability
and productivity of the economy.
Source: Budget Policy Statement, December 2017
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