New Zealand is doing pretty well and making good progress.
Christine Lagarde, the head of the IMF, recently said  “The IMF is very supportive of what is being done by the Government. The economic policies are… policies we believe are sound and solid.”
The New Zealand economy grew by 3 per cent in 2012, while Australia, with its mining boom, grew by 3.1 per cent.
Net household disposable income is around 20 per cent higher now than it was four years ago.  There are more than 50,000 more jobs in the economy than two years ago, although unemployment remains too high.
The Government is on track to the surpluses that will enable it to start paying off debt. The Budget on 16 May is the next step in the Government’s long-term programme that started when we were elected in 2008.