Budget 2017

Economy

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Investing in a Growing Economy

Measures to reinforce the Government’s Business Growth Agenda include:

  • Innovative New Zealand $373 million investment to help diversify the economy and support more jobs and higher wages, including:
    • $ 81.9 million for the Endeavour research fund.
    • $ 74.6 million for Callaghan Innovation R & D Grants.
    • $ 69.3 million for increased tertiary fee subsidies.
    • $ 52.5 million for university research funds (PBRF).
  • Trade Agenda 2030 $134 million to forge new and better trade opportunities to increase the standard of living of New Zealanders.
  • Tourism $61 million towards a new $102 million tourism infrastructure fund for regional New Zealand. $86 million for DOC tourism infrastructure around New Zealand.
  • Natural Resources $81 million for predator control programmes, protecting our fisheries and investment in new water storage.
  • Film Industry $222 million over four years plus $18 million in 2016/17 for the International Screen Production Grant to make more international movies in New Zealand. $64 million brought forward for the domestic screen grant.
  • Māori Development $93 million for developing Māori tourism, Māori housing and social initiatives, Whānau Ora extensions, and supporting and sustaining the use of te reo.