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

 

Gordon Campbell: On The Crisis In Greece

Greece, as the cradle of democracy, is getting no brownie points for actually practicing it. The decision by the Greek government to go back to the people for a mandate for the bailout terms being proposed by the Eurozone seems entirely appropriate. More>>

ALSO:

Stories Of Scoop: Alastair Thompson, Scoop Media & The Cost Of Free Journalism

How does a news organization that cares about authentic journalism and has a mission to effect “positive change” continue to operate in these times of derivative storytelling when advertising dollars are no longer determined by the quality of editorial content? More>>

ALSO:

Gordon Campbell: On The Pope’s Encyclical On Climate Change

The spread of market mechanisms into every facet of life – as health, education and the environment get treated as mere commodities – has seen economic efficiency worshipped in its own right as a totem, and as a substitute for morality. The Laudato Si encyclical issued today by Pope Francis on climate change and the environment goes some away to restoring a sane balance. More>>

ALSO:

Scoop Turns Sixteen: How Scoop's “Ethical Paywall” Model Has Changed Everything

As of this month, a broad range of professional organisations, including constitutional institutions, government agencies & departments, NGOs, Unions, CRIs, law firms, PR agencies, accountancy firms, media organisations, libraries and businesses - all of which make regular use of Scoop in their daily work and for professional research - have joined Scoop’s new “Ethical Paywall” copyright licensing scheme. More>>

ALSO:

Gordon Campbell:
On The Sepp Blatter Resignation

Any initial elation at Sepp Blatter’s resignation as the overlord of FIFA will be tempered by his declared intention to stay on until at least December and possibly March 2016, to enable his successor to be elected. Has FIFA got no existing succession plan that could kick in before this? More>>

ALSO:

Gordon Campbell: On The FIFA Scandal, And Similar Dirty Deal

With the US now investigating FIFA’s racketeering and money-laundering activities and the Swiss also looking at the bribes that went into the choice of Russia and Qatar as upcoming FIFA venues, the capos at FIFA are taking the fall for the boss of all bosses, Sepp Blatter - who has somehow been blissfully unaware of the dirty payoffs and extortion rackets conducted on his watch ... More>>

Get More From Scoop

 
 
 
 
 
 
 
Top Scoops
Search Scoop  
 
 
Powered by Vodafone
NZ independent news