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Solid Approach Taken for Business - Corrected Version
Solid Approach Taken for Business - Corrected
Version
Source: EMA
--
Today’s Budget 2017
announcement revealed solid steps to support economic growth
and maintain surpluses.
In his first budget, Finance
Minister, Steven Joyce, predicted continuing growth of GDP
of around 3.1% over the next five years, along with
surpluses growing from $1.6b in 2016/17 to $7.2b in
2020/21.
"The books are certainly in good order and this
allows the government to deliver a budget aimed at building
prosperity from both a social and a business perspective,"
says Kim Campbell, CEO, EMA.
He said the EMA was pleased
to see Auckland’s Central Rail Link receive $4.36m and
have an independent company set up to oversee and manage the
project, along with a wider investment of $9.17b in state
highways.
"These projects are vital for our region and
for enabling much needed economic growth and prosperity. We
welcome the certainty today’s announcement brings," says
Mr Campbell.
"But we are looking for more direction on
governance, sustainable funding and a sense of urgency to
further rectify the infrastructure deficit we currently
have," says Mr Campbell.
"We are supportive of the signal
of more to come around the use of initiatives such as
public-private partnerships, joint ventures and private
investment in large scale infrastructure programmes," says
Mr Campbell.
"We’ve long advocated for the need to find
practical and proactive ways to enable this investment and
to move beyond simply waiting for government handouts," he
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