PricewaterhouseCoopers Budget 2009 tax analysis

Finance Minister Bill English delivered the new Government's first Budget on 28 May 2009.

Having warmed the Opposition benches for nine years of relatively benign economic times, it must be especially galling for the new Government to have to prepare its first budget in the context of the worst global downturn in 70 years. But the Finance Minister seems likely to score high marks for the delicate balancing act he has performed in trying to maintain consumer and business confidence while also trying to fend off the dual evils of ballooning debt and a threatened credit downgrade. Within hours of the Budget being released the Minister's efforts were rewarded when Standard and Poor's announced an upgrade in its credit rating for New Zealand from 'negative' to 'stable'.

A team of PricewaterhouseCoopers tax analysts worked overnight to assess the implications of the Budget announcements.

Download our Budget 2009 Tax Analysis for more information.

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