17 May 2013

Safe and steady does it - Business NZ

11:15 am on 17 May 2013

Business New Zealand says the fact there were no surprises in this year's Budget will please many businesses around the country.

The Budget delivered on Thursday by Finance Minister Bill English includes $900 million worth of new spending, and forecasts economic growth of 2% to 3% a year over the next four years.

The chief executive of Business New Zealand, Phil O'Reilly, says businesses will be pleased the Government announced a safe and steady budget with no shocks.

He says most of what was announced was expected, though business will be cynical of lower ACC levies, which he says are far too often used as a political football and have come too late.