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

         
         

        Binoy Kampmark: Tom Wolfe The Parajournalist

        As New Journalism’s primary advocate, Tom Wolfe headed the field with such experimental forces as Norman Mailer, Truman Capote and Hunter S. Thompson, all dedicated to enriching supposedly factual accounts with excessive flourishes that hurried out the beige in favour of the kaleidoscopic. More>>

        Gordon Campbell: On Racism And The Windsors

        For all the talk about the modernizing effect that Meghan Markle could have on the Royal Family, the suspicion all along has been that the House of Windsor is resistant to change at any level beyond the purely decorative. More>>

        Gordon Campbell: On Prospects Of US Talks With North Korea

        On June 12, the leaders of North Korea and the United States will meet across a table in Singapore, and Kim Jong Un must already be feeling giddy at the thought that this meeting is already being described with the word “summit” formerly reserved for meetings between superpowers of equal stature... Image: Steve Bolton NZ's contribution to the IAEA’s work on North Korea

      • United Nations - UN chief ‘optimistic’ over peace efforts
      • David Swanson - Enough is Enough. The Time Has Come to BDS the US - Peace Comes to Korea: Let’s Understand Why
      • CTBTO - CTBTO on North Korea
      • NZ Govt - NZ welcomes talks between North and South Korea
      • Massey University - Nukes to cyber war – NZ security in focus
      • Jim Miles - The Doomsday Machine - Confessions of a Nuclear War Planner
      • UNHCHR - North Korea detente: UN expert urges human rights opening
      • Binoy Kampmark - Trump, North Korea and Post-Olympic Angst
      • Gordon Campbell: On National’s Latest Attempts At Relevance

        Having ignored the existence of massive problems in health and education for nine years in government, it is no longer politically viable for National to maintain the pretence that such problems really don’t exist, or are somehow unworthy of serious concern by rational men of commerce.... More>>

        Gordon Campbell: On The Need For Immediate Action On WINZ

        So the old saying goes, the main difference between the centre-right and centre-left is that both believe in market solutions, but the centre-left spends a lot more time worrying about the effects, afterwards. More>>

        Gordon Campbell: On Petrol Pricing And The Midwives March

        The public brawl between Energy Minister Megan Woods and BP looks like spinning off – as brawls tend to do – into a whole array of extraneous matters. Evidently, some people find it hard to see the difference between taxes and profits. More>>