Budget 2014 shows that New Zealand economy is on the right track and there are opportunities ahead for local business says Liz Koh, Chair of the Kapiti Coast Chamber of Commerce.
This year’s budget recognises that New Zealand is moving into a growth phase. With a $372 million forecast surplus and growth expected between 2% and 4% over the next four years, the government is managing the books carefully.
The budget provides some positive signals for business, with additional investment in R&D, contestable funding for science and innovation, further funding for skills and more places in the Reboot apprenticeship programme. This is the sort of investment that will drive real innovation and growth and well timed to take advantage of upward economic cycle.
For current and prospective businesses exporting, the additional funding for New Zealand Trade & Enterprise shows that the government is prepared to invest in new trade markets of China, South America and the Middle East. Recent experiences in overseas markets reinforce the need for businesses to be fully informed and we welcome this support.
Overall this is a budget that provides confidence for businesses to innovate and grow.
For further information contact:
Phone: 021 313 339
Kapiti Coast Chamber of Commerce
PO Box 510