The Budget for 2006/07 was presented to Parliament by the Finance Minister on 18 May 2006.
The budget does not provide for main tax changes or a change in the tax rates for companies or individuals.
The budget announces a significant increase in public spending on land transport, mainly new roads. Among other measures is a NZD 76 million spending on a campaign to fight obesity.
The budgetary forecast shows that real GDP growth will slow to 1% by March 2007 and …