Rising tax take gives government more wiggle room, Joyce says

Thu, 27 Apr 2017

By Paul McBeth April 27 (BusinessDesk) - New Zealand's rising tax take, which was up 7.7 percent in the year to Feb. 28, has given the government room to beef up its infrastructure spending programme and target an aggressive debt reduction target, says Finance Minister Steven Joyce. The minister announced a $2 billion boost to additional infrastructure spending over the next four years to $11 billion, and wants to almost half net debt as a proportion of the economy by 2025 in his first pre-Budget speech in charge of the Crown's books, an...

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