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New Zealand's recovery will be fairly patchy in the near future and some sectors will perform better than others, Finance Minister Bill English said on Tuesday.
English confirmed that the Budget 2010 will be delivered on May 20. "The Budget will be about taking action to grow the economy over the next five years and beyond," English added. The economy had come through the recession in better shape than many commentators had predicted.
"We also want to tilt the economy towards exports and investment, and away from consumption and borrowing." Further, focus should be on fixing a damaged economy and restoring the Government's books, said English. The budget will set out important policies to lift economic growth and give hard-working New Zealanders incentives to get ahead, he added.
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