Govt to deliver Budget on May 15

Finance Minister Bill English has announced May 15 will be Budget Day.

"This will be the National-led Government's sixth Budget and it will remain focused on delivering sensible policies that support a more competitive and faster-growing economy, more jobs, higher incomes and opportunities for New Zealand families," he said in a statement.

"New Zealand is certainly well placed compared to most countries. On average, wages are increasing faster than inflation, there are more than 53,000 more people employed now than a year ago and the unemployment rate is dropping as the economy gathers strength.

The Budget is expected to show that in the financial year 2014-15 the Government will achieve a surplus, although this week English warned it would be "paper thin".

Fairfax Media