Joyce flags infrastructure spend, sets net debt target of 10-15% of GDP by 2025

Thu, 27 Apr 2017

By Paul McBeth April 27 (BusinessDesk) - Finance Minister Steven Joyce kept mum on potential tax cuts in announcing a boost to spending on transport infrastructure over the four years, in part to cover the rebuild of State Highway 1 in the South Island, while also setting a lower debt target. In a pre-budget speech to the Wellington Chamber of Commerce, Joyce lifted the Crown's planned capital spend by $2 billion over the next four years to $11 billion on top of existing projects. The hike includes $812 million earmarked for the reinstat...

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