Robertson affirms Budget 2018 includes $42B of capital spending over next 5 years

Thu, 10 May 2018

By Sophie Boot May 10 (BusinessDesk) - Finance Minister Grant Robertson confirmed plans for $42 billion of net capital spending over the next five years in his latest pre-budget speech to the Wellington Chamber of Commerce this afternoon. Robertson said the spending, which was first announced with the half-year economic and fiscal forecasts (HYEFU) last December, would be funded from a number of sources, including repaying debt at a slower rate than the previous government, as it has already announced, along with higher-than-expected tax...

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