So Bill English of the National Govt has released his third budget.

Rather un-election year like since it isn’t the major spend up that we have seen in the last 20 years or so in election year.

Everyone has given their opinion so far:

Anyway .. here is my black and white take on it.

The Good The Bad
Financially prudent Lack of vision – how is the govt going to GROW the economy
About the right balance of “give” and “take” One could say some of the big issues are still not resolved – student debt, health care, superannuation etc.  Although in fairness this is only term one, and on some of these issue there is small movement in the right direction (eg student debt).
Good to see new TARGETED health and education spend.
Partial asset sales with a Govt majority (50%+) shareholding.  Good to see this happens AFTER the next election, so we get to vote on it

Overall I give it a sold B. Can’t give it an A since there is no long term vision.

I think the media got all the headlines wrong about the budget, but that’s not new is it?   Focusing on what was cut, or that “middle NZ hurt” isn’t the main story.  The main story is about returning to the black one year earlier than planned, all while investing 5billion extra cash for the rebuild of Christchurch.

While talking about taxes, here’s a very informative resource (hat-tip: Kiwiblog) on where taxes actually go in NZ can be found here. Written by Mark Hansen – who blog about it here.

Oh, and I can’t really comment on the budget without posting this.  Key caned Goff (are we surprised?).  I am waiting for Labour to be a real opposition and talk about alternatives (rather than just “no don’t cut that”).

Black and White Version: Solid B for Bill.  The right balance, and economically prudent.  Needs work on vision (see me after class Bill).

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