Book Reviews | Gordon Campbell | News Flashes | Scoop Features | Scoop Video | Strange & Bizarre | Search

 


Scoop Coverage of Budget Day 2013

Scoop Coverage of Budget Day 2013

Scoop Audio+Video+Photos

by The Scoop Team
May 16, 2013


Finance Minister Bill English

As always and especially after the managerial mishaps of the past few weeks and months, (e.g. Aaron Gilmore, the Mighty River Power share float, the GCSB mishaps) Budget Day 2013 was always going to be a pageant of reassurance. A promise that austerity would be rewarded. To that end, Finance Minister Bill English played his usual role as the steady hand at the tiller. Budget 2013/14 provided the first glimmerings of hope for better times to come, and which will be trumpeted in election year 2014. Despite the fact that most of the limited amount of new spending had been foreshadowed (if not entirely pre-announced) a few new measures were unveiled today. Among the features of English's fifth Budget:

• By a process of energetic juggling, the long promised surplus is still on track for 2014/2015, although only by a wafer thin $75 million

• Meridian will be the next state asset on the auction block, in the latter part of the year

• A $100 million a year internationally-focussed growth and innovation package will increase funding for business R&D, scientific research etc. This will include $75.2 million for business R&D grants and $31.4 million for repayable grants to small business start-ups (the criteria will be forthcoming in mid June) An extra $23 million will be shuffled into this growth package from other parts of Vote Science and Innovation. The sum total for new funding in science, innovation and research will be $200 million over the next four years.

• Of the $1.7 billion earned from the Mighty River Power share float, over $900 million will be going towards various aspects of the Christchurch rebuild, and a further $80 million to irrigation projects in Canterbury.

• The government will resume its contributions to Government Superannuation when the Crown debt is only 20% of GDP, an outcome expected in 2020

• The current account deficit is forecast to still be 6.5% of GDP by the end of the forecast period. Unemployment will remain 0ver 5% for the fo9recast period.

• The role of community providers in the provision of social housing will increase

These and other aspects of the government's Budget 2013 can be found in the following video and sound recordings of the Budget lockup presentation by Finance Minister Bill English and the subsequent q&a.

*******

*******

Click a link to play audio (or right-click to download) in either
MP3 format or in OGG format.

*******


Vernon Small, Stuff.co.nz


Keith Ng, Public Address


Jessica Mutch and Corrin Dann, TVNZ


Bernard Hickey


Patrick Gower, 3 News

ENDS

© Scoop Media

 
 
 
 
 
Top Scoops Headlines

 

David Swanson: Torture Is Mainstream Now

As Rebecca Gordon notes in her new book, Mainstreaming Torture, polls find greater support in the United States for torture now than when Bush was president. And it's not hard to see why that would be the case. More>>

Uri Avnery: In One Word: Poof!

Poor John Kerry. This week he emitted a sound that was more expressive than pages of diplomatic babble. In his testimony before the Senate Foreign Relations committee he explained how the actions of the Israeli government had torpedoed the “peace ... More>>

Binoy Kampmark: The Poverty Incentive: Making The Poor Carry The Refugee Can

The poorer you are, the more likely you need to shoulder more. This axiomatic rule of social intercourse, engagement and daily living is simple and brutal enough: the poor shall hold, conserve, preserve. More>>

Nureddin Sabir: BBC Misreports John Kerry On Talks Failure

For once, US Secretary of State John Kerry was not mincing his words when he blamed Israel for the breakdown of talks with the Palestinians. But you would not have known this if you were following the story from the BBC News website. More>>

Gordon Campbell: On Narendra Modi, And The Elections In India

On the upside, the gigantic election process that began yesterday in India is the largest exercise in democracy on the planet. Reportedly, a staggering five million people are employed, directly or indirectly, in the election process. The likely outcome is not quite so welcome... More>>

ALSO:

Ramzy Baroud: Kerry’s Looming Deadline And The Peace Process Industry

As the US-imposed April 29 deadline for a ‘framework’ agreement between the Israeli government and the Palestinian Authority looms, time is also running out for the American administration itself. More>>

Harvey Wasserman: Fighting Our Fossil-Nuke Extinction

The 25th anniversary of the Exxon Valdez disaster has brought critical new evidence that petro-pollution is destroying our global ecosystem. The third anniversary of the Fukushima Daiichi nuclear meltdown in Japan confirms that radioactive reactor ... More>>

Shobha Shukla: Rise In Global Health Financing, But Funding Priorities Shift

A new research done by the Institute for Health Metrics and Evaluation (IHME), at the University of Washington, indicates that globally the total development assistance for health (DAH) hit an all-time high of $31.3 billion in 2013 (a year-over-year ... More>>

Get More From Scoop

 
 
TEDxAuckland
 
 
 
 
Top Scoops
Search Scoop  
 
 
Powered by Vodafone
NZ independent news