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Budget aligns with Wellington's strengths

26 May 2016

The Government’s 2016 Budget has positive news for Wellington’s growth and prosperity, says Wellington Regional Economic Development Agency Chief Executive Chris Whelan.

"We are particularly excited to see the Government's commitment to science and innovation,  via the Innovative New Zealand package. This is without a doubt a key component of New Zealand's economic and export future, and aligns closely to Wellington's strengths and WREDA's focus areas. Wellington's highly educated workforce, along with high-value manufacturing, research science, knowledge-intensive services, and education sectors are all well positioned to respond positively to this investment." 

“We also welcome the Government’s emphasis on skills development, education, infrastructure and regional development, which are investments in long-term prosperity.  Wellington’s future growth will be driven by a skilled and connected population, strong in high-value, weightless exports, working as part of a well-balanced New Zealand economy. This year’s Budget is a positive platform for us to build that future.”

 “The Budget forecasts a robust GDP increase next year, rising wages and reduced unemployment. Wellington’s strong, future-focused economy will play a key role in delivering that growth.”