Full Scoop Coverage: Budget 2012

Budget 2012 - Scoop Full Coverage

Budget 2012 - Scoop Full Coverage


Parliament Live - LIVE Video Of Budget 2011

Keith Ng Interactive Graphic: How the Budget Breaks Down




Finance Minister Bill English answers questions at today's budget - his fourth in this Government.


CLICK TO JUMP TO SCOOP BUDGET COMMENTARY AND REPORTS
CLICK TO JUMP TO THE BUDGET PRESS RELEASES
CLICK TO JUMP TO BUDGET REACTION
CLICK TO JUMP TO BUDGET PREVIEWS
CLICK TO JUMP TO PRE-BUDGET ANNOUNCEMENTS

For the latest headlines and reaction see..
PARLIAMENT WIRE..., POLITICS WIRE..., BUSINESS WIRE..., EDUCATION WIRE..., HEALTH WIRE...


RELATED LINKS:
For the full text (when released) of the budget see...
TREASURY BUDGET 2012 WEBSITE
See also the BEEHIVE BUDGET PAGE


For previous budgets see...
BUDGET 2012 - BUDGET 2010 - BUDGET 2009 - BUDGET 2008 - BUDGET 2007 - BUDGET 2007 - BUDGET 2006 - BUDGET 2005 - BUDGET 2004 - BUDGET 2003 - BUDGET 2002 - BUDGET 2001 & BUDGET 2000


BUDGET 2012 - SCOOP COMMENTARY / REPORTS



Parliament Today - Bill English Delivers Budget 2012 and House Moves Into Urgency and Asset Test Threshold For Aged Care Subsidy Changed and Bill English Delivers Budget 2012

Business.Desk
BUDGET 2012: F&P Healthcare posts record FY sales, profit growth stalls
BUDGET 2012: Tower 1H profit rises 83% as quake, liability costs fall
BUDGET 2012: NZ dollar rises after Monti says Greece likely to keep euro
BUDGET 2012: DMO flags inflation-indexed bond issues
BUDGET 2012: Govt hits bach rent tax rort, disappoints kids
BUDGET 2012: KiwiSaver auto-enrolment delayed
BUDGET 2012: Profitable power company sale to prop up loss-making railway
BUDGET 2012 COMMENT: Doddling along the best we can hope for
BUDGET 2012: NZ economic outlook deteriorates
BUDGET 2012: Smokers, KiwiSavers, IRD lead way to surplus



BUSINESSDESK REACTION

COMMENTARY

English: Competitive economy, surplus at heart of Budget

Budget 2012 invests in building an innovative and productive economy that sells more to the world, supports more jobs, and delivers better public services while getting back to fiscal surplus, Finance Minister Bill English says. More >>

Sludge Report: Short The Dollar!The NZ Debt Management Office has been so surprised at the unprecedentedly low interest rates that it can borrow at that it has already entirely pre-funded the 2013 fiscal deficit - all $8 billion of it!More >>

Pattrick Smellie Comment: Doddling along the best we can hope forCriticising Budgets for lacking vision or imagination is like shooting fish in a barrel, but even so, this year's Budget again feels like a missed opportunity. Perhaps it's the intrusion of real world needs that means the government couldn't make better political use of the $558.8 million it expects to gather in its first partial asset sale. More >>

Gordon Campbell on the Budget's spreadsheet victories
It wasn't as if expectations were sky high, exactly. Chances are, it was always more likely that we'd be seeing Bigfoot rampage through the Beehive lock-up than catch a glimpse of a credible growth agenda from this government. More >>

Martin Doyle Cartoon: Oz-terity Budget
Never before has a better label been put on a budget. More >>




BUDGET 2012 - THE REACTION - FULL COVERAGE


BUDGET DEBATE SPEECHES - AS PREPARED

Parliamentary Reaction:

National

Labour

Greens

NZ First

The Maori Party

ACT


    United Future

    Mana

    Non Parliamentary Political Reaction:

    Health Sector Reaction:

    Education Sector Reaction:

    Union Reaction:


    Global Markets/Futures

    Banking and Finance

    Smoking

    Accountants & Analysis

    Business



    Other Reaction

    BUDGET 2012 - THE PRESS KIT
    (Note see also pre-budget announcements below)


    The Budget Speech
    Budget Speech
    Coalition Leaders' Statements

    SUMMARY SHEETS


    Economy

    Education

    Welfare

    Health

    Housing

    Law, Order & Security

    Research, Growth And Innovation Framework

    Art, Culture And Sport


      Trade and Foreign Affairs


        Christchurch Earthquake Recovery

        Other Stuff - Maori, State Sector, Local Govt


        BUDGET 2012 - BUDGET LEADUP (last 2 days)



        PARLIAMENT:

        Parliament Today
        National

        Maori Party



        ACT Party

        Labour

        Greens

        Mana Party

        New Zealand First

        New Zealand Alliance Party:

        BUDGET 2012 PREVIEWS & REACTION




        Parliament Today: Urgency To Follow Budget
        The House will go into Urgency on Thursday following the delivery of Budget 2012 at 2pm. The Government informed the Business Committee of the decision at a meeting yesterday.More...

        Also:



        Budget 2012: Squeezing Every Drop Out Of A Zero Budget
        The Government is trying to squeeze every drop of publicity out of its ``Zero Budget'' ahead of its delivery next Thursday.More >>

        Gordon Campbell On the Politics of Austerity: Later this month, New Zealand will be subjected to its second austerity Budget in a row. Zero budgeting is being presented as the only path of virtue. This is despite the fact that - elsewhere in the real world - it has been a very bad week indeed for the politics of austerity.More >>
        Also
      • Business.Desk - Smokes, booze and property tax breaks prime targets for Budget
      • Labour - User Pays Plan Confirms Failure
      • Labour - Cuts to classes result of government failure
      • ACT - Performance Based Pay for Teachers Long Overdue

      • Budget 2012: Recovery of Canterbury on Track
      • Budget 2012 - Prescription Charges Help Fund Health
      • Budget 2012: Education - Larger Classes For More Money
      • Budget 2012: $144m more for disability support


      • BusinessDesk: Dollar Tumbles After OECD Cites Global Growth Risks
        The New Zealand dollar tumbled after the Organization for Economic Cooperation and Development warned of the risks that the euro zone's debt crisis poses to the rest of the world. More >>

        Also:



        Budget 2012: Crime And Punishment
        Budget 2012 will contribute to a 25 per cent reduction in reoffending by 2017, and 18,500 fewer victims of crime every year from 2017, Corrections Minister Anne Tolley and Associate Corrections Minister Dr Pita Sharples say. More >>

        Also:



        Housing: Social Housing Money Handed Out
        People in need will get the most benefit from Government funding for new housing projects, to be developed by non-government providers. Housing Minister Phil Heatley has announced the successful applicants to the $25.3 million Social Housing Unit ... More >>

        ALSO:



        Budget 2012: Prescription Charges Help Fund Health
        Health Minister Tony Ryall has announced the Government will increase the $3 prescription charge to $5 per item up to a maximum of 20 items from 1 January 2013. The savings will be reinvested in the health sector. More >>
        Also:

        Police: 120 Positions Axed In Fine Tuning
        The New Zealand Police budget will not be cut this coming financial year but the organisation is planning some modest reductions in non-sworn support staff to live within its means, the Commissioner of Police, Peter Marshall, said. More >>

        Also:

        Budget 2012: Education - Larger Classes For More Money
        I'm here today to talk about our education plan. Education is a subject that's dear to my heart and head - and indeed yours, as future employers and business associates of the generation of young New Zealanders who are coming through our education system ... More >>

        ALSO:



        MFaT: Cuts Scaled Back, Embassies Closed
        Foreign Affairs Minister Murray McCully announced the closure of the Stockholm embassy in Sweden as part of $10 million of savings in the Ministry's European posts.
        The Stockholm post was opened by the Clark government in 2008 and downsized by the current government in 2009.More >>

        Also



        Industrial Relations: New Laws Proposed
        Labour Minister Kate Wilkinson has announced a package of measures that will extend workers' rights to request flexible working hours and ensure a fair and flexible collective bargaining environment. More >>

        ALSO:


        Warm Up: Insulation programme reaches 150,000 houses
        The Government's programme to help insulate New Zealand homes has now reached the milestone of 150,000 insulated homes, Energy and Resources Minister Phil Heatley announced today. More >>

        Also:



        Reserve Bank Minutes: High Exchange Rate 'Stopping Rebalancing'
        The high kiwi dollar is preventing the long overdue rebalancing of our economy onto a more productive and less debt-ridden footing, the Green Party said today. More>>

        ALSO:


        Scoop Business: Dollar Falls, PM Key Calls Intervention 'La La Land Stuff'
        The New Zealand dollar drifted lower on Monday as Prime Minister John Key dismissed calls for intervention to weaken it the stuff of "la la land". More>>

        ALSO:

      • Labour - PM's la la land comments misinformed
      • Greens - Reserve Bank not able to address high exchange rate - Key In La-La Land If He Thinks Deficit Sustainable
      • Scoop Business - Bank profits rebound as bad debts fall; no one's borrowing - NZ central bank should keep OCR unchanged, shadow board says


      • Science Conference: Shearer On Investment In Science And Innovation
        Investing in science and research is the way to create innovative industries that lead to higher productivity and higher earnings for New Zealanders and the country as a whole, says Labour Leader David Shearer. More>>

        ALSO:



        Inflation: CPI Rises 0.5 Percent In March Quarter
        The consumers price index (CPI) rose 0.5 percent for the March 2012 quarter, Statistics New Zealand said today. "The main reason for the rise was higher cigarette and tobacco prices," Statistics NZ prices manager Chris Pike said. More>>

        ALSO:





        ENDS

         
         

        Daphne Lawless: The Whale Oil Leaks: Anti-Politics From Above

        As we go to press, the election campaign has been turned upside down by a new book by investigative journalist Nicky Hager. Dirty Politics is based mainly on a leak of 2 gigabytes of emails and Facebook messages from “Whale Oil”, the vicious ... More>>

        ALSO:

        Branko Marcetic: When John Key Was Concerned About Dirty Politics

        If Nicky Hager needs some support in the midst of a whirlwind of government criticism for his allegations of “dirty tricks” by the National Party, he may find one unlikely ally – John Key, six years ago. More>>

        Jim Miles: Israeli War Crimes In Gaza

        Israel reveals its true colours and true aspirations every time it attacks Gaza (or any other self-perceived enemy) as being the ethnic cleansing of Palestine, even to the degree - as the references above indicate - to the act of genocide. More>>

        David Swanson: Top 9 Reasons To Stop Bombing Iraq

        1. It's not a rescue mission. The U.S. personnel could be evacuated without the 500-pound bombs. The persecuted minorities could be supplied, moved, or their enemy dissuaded, or all three, without the 500-pound bombs or the hundreds of 'advisors' (trained ... More>>

        Binoy Kampmark: Comedian’s Death: Robin Williams And The Virtues Of Suicide

        The Grim Reaper never runs out of converts. Put another way, death never gets his full due. Comedians do not figure well in this – they are particularly attractive targets in the business of death. More>>

        Suzan Mazur: "Oomph" & Origin Of Life At Hydrothermal Vents

        The notion that life originated in hydrothermal vents was for a long time a sleepy area of scientific inquiry because the vents first found, known as 'black smokers,' were way too hot and acidic. But in 1989, Michael Russell, a British geochemist who ... More>>

        Gordon Campbell: On The US Rescue Mission In Iraq

        It isn’t often that unilateral US bombing raids within a foreign country can be supported, but the current US bombing campaign in northern Iraq is one such case. The fighters of the Islamic State (IS) appear to be intent on committing genocide against the Yezidis, Christians, Turkmen, Kurds and every other non-Sunni community in the region… More>>

        ALSO:

        Stuart Littlewood: What More Horrors Are In Store For Gaza?

        I wonder what Hamas and Israeli leaders are thinking as they survey the devastation in Gaza and review the death-toll and casualty figures? Or course, neither has to live among the ruins and clamber over the devastation. More>>

        ALSO:

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