EMBARGOED BUDGET 2017: Govt forecast surpluses narrow on family package, capital spending

Thu, 25 May 2017

By Rebecca Howard May 25 (BusinessDesk) - (BusinessDesk) – The government now expects a wider surplus in the year to June than it previously forecast but then tipped narrower surpluses over the forecast period in its latest budget as a new family incomes package and infrastructure spending bites into core crown revenue. Finance Minister Steven Joyce announced the family incomes package in the 2017 budget. The package - which will come into effect April 1, 2018 – is expected to benefit around 1.3 million families in New Zealand by, on aver...

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