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2011 Government Budget

Are we keeping pace?

Budget 2011

Finance Minister Bill English has delivered Budget 2011 at a time when the New Zealand economy is struggling with a sluggish recovery, the impact of two Christchurch earthquakes, and fallout from finance company failures. Last year’s Budget implemented a range of radical tax reforms to realign the economy away from consumption, and towards savings and investment. What was needed this year was a clearer articulation of the Government’s strategic destination for the country.

Deloitte’s team of experts has analysed the content of Budget 2011 and the likely impact of the major announcements on New Zealand business and the wider economy. Specifically, we have looked in-depth at the nation’s bank account, what this Budget means for taxpayers, changes to KiwiSaver, and plans for partial asset sales and infrastructure spend.

For full commentary and analysis of the Budget's key elements, download:
Budget 2011 - Are we keeping pace?

What our experts have to say

Partial state asset privatisation a step in right direction
Plans to partially privatise state-owned electricity generators and mining company Solid Energy have been welcomed by Deloitte energy and infrastructure leader Paul Callow.

KiwiSaver tinkering adds compliance costs to business
The compliance costs for businesses of administering KiwiSaver contributions continue to mount with each change to the scheme.

“Boring” fiscal conservatism takes a deserved front seat
Today’s Government Budget has mirrored the “new normal” in terms of global trends – relatively “boring fiscal conservatism” – but that’s not such a bad thing.

The little devil in the detail
“There’s a little tax devil in the detail of Budget 2011 around future policy reform targeted at mixed use assets – read as planes, boats and holiday homes,” says Thomas Pippos.

Budget - in focus

  • Budget 2011 - Deloitte's Perspective
    Are we keeping pace?
  • Budget 2011 - The Treasury
    Read the Minister's Executive Summary and Budget Speech

Deloitte in the media

SOE changes 'a good move' - Deloitte
3news.co.nz - 20 May 2011
Thomas Pippos: Mixed ownership offers way forward
New Zealand Herald - 20 May 2011
Budget 2011: Business reacts
New Zealand Herald - 20 May 2011
Experts stunned by KiwiSaver tax grab
New Zealand Herald - 20 May 2011
KiwiSaver still good bet for retirement
BusinessDay.co.nz - 20 May 2011
Smaller wage increases likely to result
Otago Daily Times - 20 May 2011

More>

Media Hotline

All media queries should be directed to 
Pete van Schaardenburg on:

Tel: 04 470 3771
Mob: 021 348 696
Or you can email Pete.

Our team of experts

On the ground analysing what the Budget means for your business:

Tax policy - Thomas Pippos / Patrick McCalman / Greg Haddon  
Infrastructure - Paul Callow  
Energy -  Paul Callow  
Public sector - Cobus Scholtz

Get the latest Budget news from the Deloitte team


Follow us on Twitter - Deloitte Budget commentary tweeted as it happens.

Dig deeper

2011-2012 Australian Federal Budget
Deloitte's analysis

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