Story: National Party

The 'mother of all Budgets'

The 'mother of all Budgets'

Prime Minister Jim Bolger and Finance Minister Ruth Richardson make their way to the House of Representatives for the presentation of the 1991 Budget. Richardson was from the radical wing of the National Party, which promoted individual liberty and small government. This was reflected in the Budget, which severely cut government spending, including on welfare. Richardson proudly proclaimed her plan as the 'mother of all Budgets', but such was its unpopularity among voters that it – along with high levels of unemployment – nearly cost National the next election.

Using this item

New Zealand Herald
Reference: 200407NZHBOLGER01.JPG

Permission of the New Zealand Herald must be obtained before any re-use of this image.

All images & media in this story

How to cite this page:

Colin James, 'National Party - The Bolger and Key years', Te Ara - the Encyclopedia of New Zealand, (accessed 15 June 2024)

Story by Colin James, published 20 Jun 2012, updated 1 Jul 2020