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Home / Business / Economy

Budget 2012: As it happened

Herald online
24 May, 2012 01:44 AM10 mins to read

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Finance Minister Bill English looking over copies of his 2012 Budget in Parliament, Wellington. Photo / Mark Mitchell

Finance Minister Bill English looking over copies of his 2012 Budget in Parliament, Wellington. Photo / Mark Mitchell

Budget 2012 Word Cloud
The Word Cloud above shows the Budget speeches from the major politicial parties. One of the standout words - economy.
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The Government would rather build new schools and hospitals without having to borrow from overseas lenders while still maintaining a majority shareholding in those companies, he says.

It is projected to grow faster than countries such as the US and Canada, he says.

He says the Budget is about creating a better future for New Zealanders from all walks of life.

Skips have been moved onto the street to cut off traffic and buses have been diverted. See the video here.

The protest is aimed at opposing changes to student support flagged in the Budget, including cuts to allowances and new rules forcing loans to be paid back earlier.

Discover more

New Zealand|politics

Budget 2012: Parker chooses 'low-growth' attack

22 May 05:30 PM
Agribusiness

Budget 2012: Business call for restraint, growth

23 May 05:30 PM
New Zealand|politics

Budget 2012: More measures to stop wealthy taking unfair advantage

23 May 05:30 PM
Economy

Graphic: Where Budget 2012 money goes

24 May 02:00 AM
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