NZ Budget 2021

Slim pickings for business as Government focuses on benefits, health and infrastructure.

In brief

  • The Government announces a “recovery for all” Budget
  • Heavy investment in health, infrastructure and benefits, but little for businesses
  • The Budget a mixed bag against CA ANZ expectations

Finance Minister Grant Robertson’s has declared his fourth Budget will secure New Zealand’s recovery – “a recovery for all”.

Budget 2021 was a winner for welfare.

The Budget deficit is expected to fall from 5.3% of GDP to 0.6% by the end of 2025, with a projected return to surplus in 2027.

The Budget includes forecast GDP growth of 4.4%, and a decrease in unemployment to 4.2% by mid 2023.

The Government scores well against some of our key Budget metrics leaving room for improvement.

The CA ANZ Scorecard

New Zealand Government Relations Leader Charlotte Evett CA maps Budget outcomes against CA ANZ’s key expectations.

Read moreAbout The CA ANZ Scorecard

Highlights and key measures

Government emphasises spending to secure recovery and ensure long-term economic resilience.

Read moreAbout Highlights and key measures

A tax-light budget, but clarity and certainty still needed

With just one core initiative, are tax budgets a thing of the past? Inland Revenue has announced funding for data collection on high net worth individuals and their related entities.

Read moreAbout A tax-light budget, but clarity and certainty still needed

Climate change funding for External Reporting Board

The usefulness of impending climate-related financial disclosures is dependent on the nature of standards and education.

Read moreAbout Climate change funding for External Reporting Board

CA ANZ New Zealand Budget 2021 infographic

NZ Budget 2021 

Click here to view the infographic in a new window

Get the infographic for co-branding

Login to My CA to get CA ANZ's 2021 NZ Budget infographic in a word template

Login to My CA

A balanced Budget – NZ Government needs to be agile and bold

In this week’s Budget Chartered Accountants Australia and New Zealand would like to see the Government being agile and bold to deal with a mixture of pandemic-induced issues and old, often deep-seated problems, that have been allowed to fester for too long.

Read more

Our Budget Policy Statement submission

CA ANZ calls for additional detail that we consider is lacking in the latest Budget Statement, including clear and measurable targets covering short, medium and long-term milestones.

Search related topics