2008 New Zealand budget
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Submitted byMichael Cullen
ParliamentParliament of New Zealand
PartyLabour
Total revenue
$61.9 billion[1]
$61.9 billion[1] | |
| Submitted by | Michael Cullen |
|---|---|
| Parliament | Parliament of New Zealand |
| Party | Labour |
| Total revenue | $61.9 billion[1] |
| Total expenditures | $61.9b billion[1] |
| Surplus |  $3.1 billion[1] |
| Debt | $1.8 billion (Net)[2] 1% (Net debt of GDP)[2] |
| Website | http://www.treasury.govt.nz/budget/2008 |
| ǂNumbers in italics are projections.
‹ 2007 2009› | |
The New Zealand budget for fiscal year 2008-2009 was presented to the New Zealand House of Representatives by Finance Minister Dr Michael Cullen on 22 May 2008.
This was the ninth budget Michael Cullen has presented as Minister of Finance, and his last before the Fifth Labour Government was defeated at the 2008 general election.
The New Zealand economy went into recession in the last quarter of 2007,[3] putting significant strain on the Government's accounts.
