Budget 2020: Although it was called “Rebuilding Together”, it’s hard to see what exactly yesterday’s budget is rebuilding. Budget 2020 was never going to be a transformational budget. Not for Māori. Not for Aotearoa New Zealand. It is easy to understand the disappointment of many across the country who hoped for something more and who … Read more
As the countless graphs of Covid-19 cases have shown us, what comes up must invariably come down. Justin Connolly asks if we need to think that way about the economy. There have been many funny posts circulating on social media about life in Covid-19 lockdown. One in particular caught my eye because it was funny, … Read more
More than 600 psychologists in New Zealand have voted to continue the strike they began last month. They say poor pay, long hours, and an institutional lack of respect are causing a mass exodus. A month ago, on the 31st July, 600 APEX psychologists in 16 District Health Boards (DHBs) stopped working overtime. APEX has since … Read more
Jacinda Ardern announced the first part of the government’s cancer plan which is set to impact many in the regions. Not quite following? Here’s what you need to know. So, what’s the big news? The big news is that the government has announced that cancer patients in Hawke’s Bay, Taranaki and Northland will, for the … Read more
Labour’s Māori MPs should count their lucky stars Te Ururoa Flavell is busy doing other things, writes māui street‘s Morgan Godfery. It’s a mug’s game making a call about the general election more than a year out from polling day. If an election were held tomorrow Labour would almost certainly return with its seven-seat monopoly … Read more
Toby, Annabelle and Ben present a special, transformational collectors’ edition in Gone By Lunchtime #50. Was the wellbeing budget truly transformational? Toby Manhire, Annabelle Lee and Ben Thomas size it up, along with the high drama prelude of the so-called Treasury hack. Plus: Is the time ripe for a new Christian Conservative political party? Either download this … Read more
Our housing crisis is intimately linked to our prison overcrowding crisis, write Vanessa Cole and Ti Lamusse In May 2018, Charlotte was unexpectedly released from prison following a short period on remand. While in prison, Charlotte* lost her only source of income and the room she was renting. Her family were a major source of … Read more
The wellbeing budget is a genuinely big idea, and deserves to transcend a messy week, writes Duncan Greive. Nineteen-thirty-four was not a good year for the USA. Five years into the Great Depression, and five years from the worst world war. The economy stubbornly static, dangerous fascists rising across the Atlantic, the dust bowl at … Read more
What did international coverage get right about the 2019 Budget? Not a hell of a lot, writes Alex Braae. “I read the foreign news to understand my nation.” So said Matt Berninger of band The National, in a line from the song ‘Fashion Coat’. The government’s 2019 budget – the first ever Wellbeing Budget at … Read more
Labour’s debut wellbeing budget is a solid jump to the social spending left but could hardly be described as transformational, writes Maria Slade in Wellington. With its wood panelling and forest green décor parliament’s neo-classical 1920s debating chamber has a surprisingly inviting feel. Normally a humble business reporter based on Auckland’s CBD fringe, I felt … Read more
The stakes are high for Grant Robertson’s much heralded Wellbeing Budget in the year delivery. What are the expert verdicts? Susan St John: Creditable, but not good enough The government deserves credit for the reframing of the budget to reflect human wellbeing outcomes. This modernisation is well overdue. The new approach should mean there is … Read more
The commitments in today’s budget are to be welcomed, but they could use some better defined targets to focus ambitions, writes former Reserve Bank chairman Arthur Grimes Wellbeing budgets have been delivered every year since the 1890s when the Liberal government introduced old-age pensions, free primary education and built the first state houses. In 1905, Prime … Read more
Budget 2019: Fresh from the parliamentary budget lockup, Spinoff business editor Maria Slade summarises the funding announcements from Labour’s first Wellbeing Budget. Mental health services, KiwiRail, beneficiaries and startup companies are some of the big winners on a government budget day that has otherwise been dominated by accusations of leaking and calls for ministers’ heads. … Read more
Budget 2019: What are the Ardern government’s much-talked about Budget Responsibility Rules, and why doesn’t it have to stick to them? When the Labour government came to power in 2017 it set itself five rules of engagement for handling the country’s money. The Budget Responsibility Rules are self-imposed and do not have any legal standing, … Read more
Māori are looking to the Wellbeing Budget to increase targeted funding for initiatives like Whānau Ora, a system that, according to its architect, still hasn’t reached its potential. Whānau Ora was one of the Māori party’s flagship policies. In 2010, a partnership with the Key government secured its implementation. Over nearly a decade, it has been … Read more
Budget 2019: Unless we can find some way of taxing wealth as well as incomes, New Zealand is headed for an intergenerational economic meltdown, writes Grant Thornton tax partner Murray Brewer. It’s hard to get your head around how much money the government has. The slew of spending announcements in the run-up to Budget Day makes … Read more
The 2019 budget is coming out this Thursday, and with it a whole bunch of impenetrable jargon. We’ve picked out some of the key words to keep in mind as it is being read. A Ambitious The last budget was typically described as ambitious. Now the word gets thrown around a lot to describe the … Read more
Budget 2019: Should the collection of taxes be the point at which we talk about fairness, or should fairness be part of a completely different conversation, asks Grant Thornton tax partner Oksana Simonoff. It’s counter-intuitive, but when we talk about tax fairness we aren’t really talking about tax. We’re really talking about politics, economics and … Read more
Budget 2019: Opposition finance spokesperson Amy Adams on the rhetoric behind the first wellbeing budget, coming later this week. This week will see the Labour-led government produce their much hyped ‘wellbeing budget’. That of course raises the questions of what wellbeing means, how it is assessed and how this budget will be any different to … Read more
Now that we know what the Wellbeing Budget is, the question is how we can create the right political and social environment to support it, says Grant Thornton’s Barry Baker. Growing up in Southland in a single-parent home, my family relied on the Domestic Purposes Benefit and the generosity of charities like Birthright. During that … Read more
If the wellbeing budget is going to do something about the long-term productivity of the country, it must address the growing gap between digital haves and have-nots, writes Grant Thornton’s Helen Fortune. Many fear that increasing digitisation and automation will result in the mass loss of jobs. But that’s not what happened when the first … Read more
Last week Treasury hosted a ‘social lab’ which used decks of cards to explore ideas around wellbeing. Danyl Mclauchlan went along Fiona Ross is a thought leader in the public service; an articulate and engaging public speaker. She stands at the front of the room: a seminar space on the third floor of Treasury. The … Read more