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Support for business is light in a 2022 Budget that walks a tight rope between addressing short term cost-of-living pressures, and longer-term inflation, climate change and health challenges, says Chartered Accountants ANZ NZ Country Head Peter Vial FCA.
As promised by the Minister of Finance, this was a Budget of health and climate, both areas our members have a strong interest in.
Co-leaders of Te PÄti MÄori, Debbie Ngarewa-Packer and Rawiri Waititi are today calling out Labour’s budget announcement as another bunch of crumbs for MÄori.
"Today’s announcement is significantly below what was expected for MÄori," said Debbie Ngarewa-Packer.
The lack of any tax announcements in today’s Budget announcement was not surprising but it’s lack of presence did not go unnoticed says Deloitte Partner Robyn Walker.
BusinessNZ welcomes investment in education and small business as part of the Government's Budget announcement.
Grant Robertson is the first Minister of Finance since Muldoon to fail to deliver a budget suplus during a time of economic boom, says the Taxpayers’ Union, commenting from today’s Budget 2022 Beehive lockup.
"Labour must have missed the story of the golden goose, or maybe they just think it doesn’t apply to Kiwis. A key part of the Brain Drain Budget is too much tax on productive people," says ACT’s Associate Finance spokesperson Damien Smith.
- House price caps for First Home Grants increased in many parts of the country
- House price caps for First Home Loans removed entirely
- KÄinga Whenua Loan cap will also be increased from $200,000 to $500,000
Finance Minister Grant Robertson today outlined the 2002 Budget, which places a cost of living and public investment package at its centre, said CTU Economist Craig Renney.
"Jacinda Ardern and the Labour Government have today presented New Zealand with the Brain Drain Budget. Ambitious New Zealanders, tired of being milked, will weigh up leaving for greener pastures," says ACT Leader David Seymour.
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