Full Scoop Coverage: Budget 2014

Budget 2014 - Scoop Full Coverage


Parliament Live - LIVE Video Of Budget 2014 from 2pm

The 2014 New Zealand Budget will be delivered on Thursday 15 May.

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

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 2014 WEBSITE
See also the BEEHIVE BUDGET PAGE

For previous budgets see...
BUDGET 2013 - BUDGET 2012 - BUDGET 2011 - 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 2014 - SCOOP COMMENTARY / REPORTS



Inside The Budget 2014 Lockup -Audio + Video + Images


Interactive Link: BudgetTreeMap: HotTree Visualisation by Keith Ng | BarStools Chart - Income and Tax Payed
See also: Australian Budget 2014: HotTree Visualisation - Keith Ng



Gordon Campbell:On Yesterday's 'Let Them Eat Crumbs' Budget



Hate to hurt Bill English's feelings, but yesterday's Budget looked like a document the Labour Party might have written – and no, that's not meant as a compliment.

Basically, English will be keeping it steady on the economic fundamentals, while sweetening them with a few social spending gestures aimed at blunting the appeal of already signalled Opposition policy in these areas. They're tactical blocks thrown in election year for vote-catching purposes, and they're not being pursued on the basis of what's affordable – more spending certainly is – or in response to social need. More>>

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Friday: Parliament Resumes Under Urgency

Parliament resumed at 9am this morning under Urgency provisions to debate two bills. MPs returned to the committee stage of the Budget Measures (Financial Support for Newborn Children) Bill debating part two of the bill.

Earlier the bill completed its first reading on a voice vote. After this the Government wishes to progress the Budget Measures (Miscellaneous Fiscal Matters) Bill through all stages. More>>


Pattrick Smellie: The Worm Turns In Budget 2014



Six years ago, just before the global financial crisis but as a local recession was taking hold, then Finance Minister Michael Cullen delivered substantial tax cuts in the last Budget of the Labour-led government's nine year reign.

With a general election looming, it looked like the kind of Budget the Finance Minister in a National-led government might have liked to deliver.

In 2014, Finance Minister Bill English has delivered a Budget that looks like a restrained version of the kind of Budget a Labour Finance Minister would like to deliver. More>>

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Alastair Thompson: A Budget Worth Dancing Over

Looking through this year's Budget Economic and Fiscal update it is hard to find anything to be concerned about. Whichever way you look at it NZ's economic outlook is starting to look remarkedly benign. More>>

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Aaron Quintal, Ernst & Young: Government Has Learnt A GFC Lesson

So the government kept its promise to return to surplus, just. The surplus is forecast at $372 million for 2014/15 and expected to grow to $3.5 billion in 2017/18. The surplus is being driven by both increased tax revenues and government expenditure growing slower than the rest of the economy. More>>

Weekend Interviews: Lisa Owen Interviews Bill English

Bill English accepts migration putting pressure on schools, hospitals but sees no need change to change levels More>>

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BUDGET 2014 - THE REACTION - FULL COVERAGE


BUDGET DEBATE SPEECHES - AS PREPARED

Parliamentary Reaction:

Government/National

Labour

Greens

NZ First

The Maori Party

ACT

United Future

Mana




    Gordon Campbell: On The Government's Inadequate Housing Policy

    If the government has an Achilles heel going into this election it is in housing policy, where affordability has become a huge problem for a wide swathe of middle income and low income voters... More>>

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    Non Parliamentary Political Reaction:

    Health Sector Reaction:

    Education Sector Reaction:

    Union Reaction:

    Global Markets/Futures


      Banking and Finance

      Accountants & Analysis

      Business

      Other Reaction

      Marginal Rates: New App. Shows Cost Of Earning An Extra Dollar

      A new web app. released today, on Budget Day—the New Zealand Tax and Welfare Calculator (NZTWC)—helps New Zealand households better understand how the tax and welfare system impacts them. More>>

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      BUDGET 2014 - THE PRESS KIT
      (Note see also pre-budget announcements below)


      The Budget Speech




      SUMMARY SHEETS



      Economy

      Education

      Welfare

      Health

      Housing

      Law, Order & Security

      Research, Growth And Innovation

      Art, Culture And Sport

      Trade and Foreign Affairs


        Christchurch Earthquake Recovery

        Other Stuff - Maori, State Sector, Local Govt



        BUDGET 2014 PREVIEWS & REACTION


        Last Minute Wish-Lists: Cunliffe Wants Budget To "Stand And Deliver"

        After six years of marking time and favouring its friends, it is time for the Government to stand up and deliver real progress for all New Zealanders, says Labour Leader David Cunliffe. More>>

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        Australia:



        Crown Accounts: Budget Surplus On Track As Corporate Tax Starts Catching Up

        The government's lagging tax-take got a boost in March as later than expected filing of 2013 company tax returns bolstered the contribution from corporate taxpayers, allowing Finance Minister Bill English to confirm next week's Budget will project a return to surplus. More>>

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        Greens' Plan: Greens Will Establish A Green Investment Bank

        The Green Party will establish a Green Investment Bank as a first step in accelerating New Zealand's transition to a smarter greener economy, Green Party Co-leader Dr Russel Norman announced today. More>>

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        Gordon Campbell: On This Week's Budget Rhetoric

        After weeks of political scandal, National is understandably keen to seize on Budget week as its big chance to refocus election year entirely, around issues of economic management. Yesterday's post-Cabinet press conference was a case in point. More>>

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        Labour Plan: Labour Will Set 4% Unemployment Target

        The next Labour Government will set a target of reaching four per cent unemployment by the end of its first term and run Government surpluses to pay down National's record debt, says Labour Leader David Cunliffe. More>>

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        Budget: Key Announces $20M For Apprentices, $3k Jobless Grant

        Prime Minister John Key says an extra $20 million will be provided in this year's budget to expand the government's apprentice subsidy scheme and $3.5 million for grants to lure unemployed people to jobs in Canterbury. More>>

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        Housing, Immigration & More: The Nation's Minor Parties Budget Debate
        United Future backs increased refugee take and increased population - ACT would make raising super age and linking it to inflation rather than income "a priority" in coalition negotiations - NZ First insists no crisis in Super funding; Greens say "smart, green economy and productivity gains can pay for super age to stay at 65" ... More>>

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        Notoriously Reliable Predictions: Budget To Show Rise In Full-Time Income To 2018: English
        This year's Budget will forecast wage increases through to 2018 amounting to a $10,500 a year increase in average full time earnings over six years to $62,200 a year, says Finance Minister Bill English in a speech urging voters not to "put all of this at risk" by changing the government. More>>

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        John Key: Pre-Budget Speech To North Harbour Club
        Today I want to talk about the Budget, which will come out on 15 May. This will be the National-led Government's sixth budget.
        Some of those budgets have felt at times like an exercise in crisis management. So I take my hat off to Bill English... More>>

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        Government Pre-Budget Announcements:




        ENDS

         
         

        Binoy Kampmark: Dysfunctional Hagiography: Australia & Gough Whitlam's Death

        Hagiography is the curse of the Australian Labor movement. It is a movement that searches for, and craves, mythical figures and myths. Such a phenomenon might be termed mummification, and detracts from closer examination. More>>

        David Swanson: On Killing Trayvons

        This Wednesday is a day of action that some are calling a national day of action against police brutality, with others adding 'and mass incarceration,' and I'd like to add 'and war' and make it global rather than national. More>>

        Uri Avnery: Israel Ignoring “Tectonic Change” In Public Opinion

        If the British parliament had adopted a resolution in favour of the Israeli occupation of the West Bank, the reaction of our media would have been like this: More>>

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        | UK MPs blow a “raspberry” at Netanyahu and his serfs

        Byron Clark: Fiji Election: Crooks In Suits

        On September 17 Fiji held its first election since Voreqe “Frank” Bainimarama seized power in a 2006 coup. With his Fiji First party receiving 59.2% of the vote, Bainimarama will remain in power. More>>

        Ramzy Baroud: ‘Islamic State’ Sectarianism Is Not Coincidental

        Consider this comical scene described by Peter Van Buren, a former US diplomat, who was deployed to Iraq on a 12-month assignment in 2009-10: Van Buren led two Department of State teams assigned with the abstract mission of the ‘reconstruction’ of ... More>>

        Gordon Campbell: On The Case For Using Air Power Against The Islamic State

        There is an Alice Through the Looking Glass quality to the current response to the Islamic State. Everything about it seems inside out. Many people who would normally oppose US air strikes in other countries have reluctantly endorsed the bombing of IS positions in Iraq and Syria – not because they think air power alone will defeat IS (clearly it won’t) but because it will slow it down, and impede its ability to function. More>>

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