Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Speech by Treasury Secretary Gabriel Makhlouf

Speech by Treasury Secretary Gabriel Makhlouf - Social Capital and the Living Standards Framework


Treasury Secretary Gabriel Makhlouf spoke at the University of Auckland last evening on the topic of “Social Capital and the Living Standards Framework”.

Below are some excerpts from the speech:

• “Societies that have high levels of social capital benefit in many ways. They have lower crime rates, better democratic functioning, better economic performance, higher educational outcomes and higher levels of individual health and wellbeing.”

• “Our distinctive culture matters and we need to reflect on a social capital framework that makes sense for New Zealand. This is why we are very keen to engage with the broader academic community as we develop our framework, to ensure that it will be tractable for our unique context and helpful for making better public policy in our country.”

• “Measuring the value of public social capital is not easy and although we have started on this journey, we are still very much near the starting line. Suggested indicators of social capital include generalised trust, the strength of our national identity, civic engagement and institutional trust. The availability of robust indicator data on social capital has considerably increased since the start of the New Zealand General Social Survey in 2008. Nonetheless, there is still a lot of work left to develop these indicators. The work going on now by the Treasury and many others helps to build understanding of what social capital means in a public policy setting. It allows us to build on existing indicators of social capital and to identify what information needs improving.”

The full speech can be found here:

http://bit.ly/2pNdnGH

ENDS


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Land Report: Issues With Soil Degradation

An environmental report released today has found we are damaging and losing our soils and our native plants and animals. More>>

ALSO:

Water Quality Report: Cause For Optimism

National River Water Quality Trends released by Land, Air, Water Aotearoa (LAWA) this week, reveal that for all river water quality parameters monitored over a 10 year period, more sites were improving than deteriorating. More>>

ALSO:

IMF Report On NZ: Positive Economic Outlook

Minister of Finance Grant Robertson has welcomed the IMF’s Concluding Statement, released following its annual visit, which provides an independent assessment of the strength of the New Zealand economy. More>>

ALSO:

Retail Power Price: Review Panel Named

The Energy and Resources Minister Megan Woods has released the details of who will sit on an expert advisory panel which is tasked with leading a review into the price of electricity in New Zealand. More>>

ALSO:


Increasingly Disruptive Threats: Govt Cyber Security Refresh

Broadcasting, Communications and Digital Media Minister Clare Curran today announced a comprehensive refresh of New Zealand’s approach to cyber security. More>>

ALSO:


Regional Growth: Action Plan To Modernise Taranaki’s Economy

The Provincial Growth Fund (PGF) will invest up to $20 million to help future-proof the Taranaki region by diversifying its economy, creating additional jobs and leveraging off the strong base the region has established through its oil, gas and agricultural ... More>>

ALSO:

Winding Down Irrigation: Funding Ends For Crown Irrigation Investment

The Government has begun winding down public funding for large-scale irrigation through Crown Irrigation Investments Limited (CIIL), in line with the Coalition Agreement and the Confidence & Supply Agreement. More>>

ALSO: