Wgtn Regional Chamber of Commerce Welcomes Budget

Press Statement

Wellington Regional Chamber of Commerce Welcomes Business Friendly Budget Outcomes

“The Budget contains several pieces of good news for small and medium sized business” says Charles Finny, CEO of the Wellington Regional Chamber of Commerce. “The proposed changes to depreciation rates are consistent with calls from small and medium sized business, as were the already announced changes to fringe benefits tax.”

“Funding increases for small and medium sized business development through such initiatives as BIZ Info, Business in the Community and Project Collaboration are also to be welcomed”, said Charles Finny, “the Chamber looks forward to continuing work with Government in these areas.”

“Increased funding for essential infrastructure such as roading is also a positive step, but increases of $100 million a year over the next three years is not enough. Auckland and Wellington and several other parts of the country are facing a roading crisis. With Government achieving and forecasting continuing healthy surpluses, now is the time to invest substantially more in road projects over the next few years,” Finny concluded.

ENDS

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