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

 

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>>

ALSO:

| 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>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
Top Scoops
Search Scoop  
 
 
Powered by Vodafone
NZ independent news