the Government’s four key priorities for the term are to:
- responsibly manage the Government’s finances
- build a more competitive and productive economy
- deliver better public services
- rebuild Christchurch.
The rebuilding of Christchurch may prove to be the most challenging. The continual after-shocks are making it very hard.
Mr Key said that the Government’s focus on responsibly managing its finances includes a commitment to return to surplus in 2014/15 – which National campaigned on at the election. The Budget Policy Statement, which will be released on February 16, will update the track toward that surplus.
“Today I can confirm that we are still on track to post a surplus in 2014/15, and the upcoming Budget Policy Statement will show a forecast surplus in the range of $300 to $500 million in that year,” Mr Key said.
That is getting tight. It will be extremely challenging.