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Budget 2009 - Scoop Full Coverage

Budget 2009 - Scoop Full Coverage

Scoop Budget 2009 Coverage will be updated during the day as information becomes available.

Scoop has its largest ever contingent in the Budget lockup and will bring you breaking news and analysis from political, economic and business perspectives.

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 PRE-BUDGET ANNOUNCEMENTS AND REACTION

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

BUDGET 2009: HEADLINES

RELATED LINKS:For the full text (when released) of the budget see...
TREASURY BUDGET 2009 WEBSITE
See also the BEEHIVE BUDGET PAGE

Public Budget discussion at: Talk: Budget 09 : Public Address

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

BUDGET 2009 - SCOOP COMMENTARY

Scoop Business: NZ Ends Tax Cuts, Pension Contribution; Debt Soars

Jonathan Underhill: New Zealand’s government scrapped tax cuts scheduled for the next two years, suspended contributions to the Super Fund and capped new spending to curb a projected surge in public debt as the recession stretches through a second year. More >>

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Scoop Business: Productivity, Vision Take Back Seat To Debt

Pattrick Smellie: I think I need some new pills. Last year’s Budget from Labour’s Michael Cullen was all about tax cuts. It looked like the Budget Bill English would like to have delivered. More >>

Sludge Report #190: The Band-aid Budget

The headline numbers out of today's budget will scare no horses. And hopefully not the Standard and Poors' examiners anyway. And afterall that was - according to the PM John Key - the plan.

And in a sense that sums up budget 2009 - "The Road to Recovery" - or as Kiwiblog's David Farrar remarked in the lockup today, the budget that wrote itself. More >>

Public Address: Budget 2009: "Aww, shit." (Out-Link)

It's a simple, simple Budget. It's only goal was bringing down the debt track. This is the scary-o-graph showing the debt track that the government was heading towards, with the alternative line showing the impact of the policy changes... More >>

Gordon Campbell: The Budget’s Tightening Noose

Judging by the Budget, the good news is that Finance Minister Bill English is not the beady eyed ‘lets take this theory and see if it works on people’ sort of ideologue that we saw in the 80s, early 90s. That’s about where the good bit ends. The bad news is that for all his team of pricey advisers, English seems to have no more clue than you or I about how to lift productivity, reduce rising unemployment, combat the recession and put the country on a growth path. More >>

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Pundit.co.nz: Budget '09: First impressions (Out-Link)

Tim Watkin: Bill English's budget kept it tight, predictable and conservative. Given the times, that was a rather risky thing to do ... More >>

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bill englishAudio + Images: Budget 2009 Lock-up Press Conf.

Images and Audio on Demand of Finance Minister Bill English's briefing and question and answers with media and analysts in the Beehive banquet hall today. 44 minutes of audio. More >>

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Dave Wolland Cartoon: Budget Blues


Martin Doyle: Bill's Honest Budget

BUDGET 2009 - THE REACTION - FULL COVERAGE

BUDGET DEBATE SPEECHES - AS PREPARED

Parliamentary Reaction:

Labour

National

Progressive Party

Greens

The Maori Party

ACT

United Future

NZ Government (Reaction To Reaction)

3News Video:

Non Parliamentary Political Reaction:

Survey: New Zealanders Split On Budget

New Zealanders split on Budget: huge support for housing and health policies, worries over super and unemployment... New Zealanders overwhelmingly support health and insulation policies announced in the Budget but don't believe the Government has produced enough new policy to successfully manage the economic recession. More >>

Law Society: Pay Cut For Legal Aid Providers Disappointing

''While we appreciate that the Government is operating in a very difficult economic climate, it is extremely disappointing that it has chosen not just to freeze but actually to reduce the remuneration rates for legal aid lawyers,'' New Zealand Law Society President, John Marshall QC, said... More >>

Health Sector Reaction:

Education Sector Reaction:

Union Reaction:

Business Sector Reaction:

Other Reaction

BUDGET 2009 - 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 Framework

Art, Culture And Sport

Trade and Foreign Affairs

Other Stuff - Maori, State Sector, Local Govt


PRE BUDGET 2009 ANNOUNCEMENTS & REACTION

Tech Specs: Treasury Improves Fiscal Risks Process

Treasury has introduced improved rules and processes to identify the fiscal risks published as part of today’s Budget. The changes were made in response to The Ministerial Inquiry into Disclosure of Funding Shortfall in the ACC Non-earner’s Account and ... More >>

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Economic Crises: Key Speech To Institute Of International Affairs

It’s good to be here today to discuss some of the international issues affecting New Zealand. I am reminded that the founding members of this organisation first met against the backdrop of a world economy shattered by the Great Depression. More >>

Insulation: Warm Homes, Leaky Budgets

The New Zealand Business Council for Sustainable Development is welcoming reports that the Government intends offering up to 900,000 owners of pre-2000 homes $1500 grants to insulate their homes. More >>

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More Budget News:

Gordon Campbell: This Budget Brought To You By The Letter “P”?

There are political reasons why there also has to be light at the end of the tunnel, a vision of triumph over adversity etc etc. So, amidst the budgetary gloom, there is one word that can convey a rosy sense of we’re all-in-this-togetherness. That buzzword is ‘productivity’. More >>

ALSO:

Scoop Business: Key Downplays Prospects For Credit Rating Cut

Prime Minister John Key downplayed the prospects of a cut to New Zealand’s AA+ credit rating as Standard & Poor’s analysts prepare to run their ruler over this year’s budget. More >>

ALSO:

Scoop Business: Smellie Sniffs The Breeze - True Colours

May 15 - Here's a radical thought for saving 22,000 jobs. I didn't think of it myself, the NZIER snuck it into their latest report on just what a tough Budget this is for John Key and Bill English. More >>

Budget: More Maternity Funding For New Parents

The additional funding provides for: - Longer stays for new mothers in birthing facilities - An optional meeting each trimester for at risk mothers, attended by the pregnant woman, their GP, and their lead maternity carer... More >>

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Budget: Oil, Gas Explorers Welcome Oil, Gas Exploration Tax Exemption

Straterra, the industry group representing New Zealand’s natural resources industries, has welcomed Government plans to extend tax exemption for offshore oil and gas exploration. More >>

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Aussie Budget: "Swan Diving Into The Red Sea"

- Budget deficit of A$57.6 billion (4.9% of GDP) in 2009-10; revenues collapsing as expenditure soars
- Government borrowing to blow out to A$301 billion by 2013; bond issuance to balloon
- Government belatedly admits that Australia is in recession; GDP to fall 0.5% in 2009-10 More >>

ALSO:

PRE BUDGET GOVERNMENT RELEASES:

Official Site: Beehive - Pre-Budget Announcements

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Top Scoops Headlines

 

Werewolf: Artificial Intelligence: Real Anxieties?

The movie Ex Machina feels so current there are powerful moments of recognition – despite the seemingly unlikely scenario of a walking, talking artificial intelligence (AI). Right now Google is enlisting its massive databases, drawing on the contents of every email and Internet search ever made, in the service of what has been called ‘the Manhattan Project of AI’. More>>

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Open Source, Open Society: More Than Just Transparency

Bill Bennett: “Share and share alike” is the message parents drum into children. But once they grow up and move out into the wider world, the shutters start to come down. We’re trained to be closed. Dave Lane, president of the New Zealand Open Source Society, says that explains the discomfort people find when they first encounter the open world. More>>

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Werewolf: Journalism, History And Forgetting

Compare that [the saturation coverage of WWI] not just with the thinly reported anniversaries last year of key battles in the New Zealand Wars, but with the coverage of the very consequential present-day efforts to remedy the damage those wars wrought, and the picture is pretty dismal. More>>

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Werewolf: Climate Of Fear

New Zealand, promoting itself as an efficient producer, has been operating as a factory farm for overseas markets with increasing intensity ever since the introduction of refrigerated shipping in 1882. The costs to native forests and to bio-diversity have been outlandish. The discussion of impacts has been minimal... More>>

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Greek Riddles: Gordon Campbell On The Recent Smackdown Over Greece

There had been a fortnight of fevered buildup. Yet here we are in the aftermath of the February 28 showdown between the new Syriza government in Greece and the European Union “troika” and… no-one seems entirely sure what happened. Did the asteroid miss Earth? More>>

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Keith Rankin: Contribution Through Innovation

The economic contribution of businesses and people is often quite unrelated to their taxable incomes. EHome, as a relatively new company, may have never earned any taxable income. Its successors almost certainly will earn income and pay tax. Yet it was eHome itself who made the biggest contribution by starting the venture in the first place. More>>

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