NZ finmin English: New Zealand to bring forward spending in budget

New Zealand finance minister English:

• Budget 2016 to include spending brought forward from 2017
• Says money set aside for tax cuts in 2017 reprioritised for debt reduction
• Still committed to tax cuts 'over time' and either in 2017 or after

English speaking in his annual pre-Budget address to the Wellington Chamber of Commerce

Reported by Interest.co.nz

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So, yet more boosting for the NZ economy?

NZD higher, more government spending in NZ (or, at least bringing it forward) will be another factor reducing the likelihood of RBNZ rate cuts (at the margin). Balanced against this is the postponing of tax cuts, so that source of stimulus is being pushed back.