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

 

Ramzy Baroud: Gaza’s Resistance Will Not Be Crushed

On the 13th day of Israel’s so-called Operation Protective Edge, stories of entire families collectively pulverized, women and children keenly targeted by Israeli soldiers saturate the media. Until now, 430 Palestinians have been killed, mostly women and ... More>>

ALSO:

Ian Anderson: Rearranging The Deck Chairs On The Titanic? The Labour Party And MANA

Early in July this year, Labour Party leader David Cunliffe made headlines by apologising for being a man. Stoked by capitalist media sensation, Prime Minister John Key responded that “not all men” abuse women. More>>

Shobha Shukla: Break The Silos: Drug Use, HIV, HCV, TB, Laws And Funding

Viet Nam is one of the countries in the world that has made remarkable progress over the last decade in not only making harm reduction and HIV services available and accessible for people who use drugs but also reforming laws for supportive health ... More>>

ALSO:

Fiona Gordon: Illegal Wildlife Trading: The Global Response

At the closing session of the inaugural United Nations Environment Assembly (UNEA) in Nairobi last month, United Nations Secretary General Ban Ki-moon said, “We need to act decisively to change humanity’s relationship with our planet.” More>>

Faisal Al-Asaad: Gaza: McCully’s Calls For Restraint On Both Sides Is Side-Taking Itself

Since June 12th, the world’s attention has been squarely focused on the events unfolding in the West Bank, Gaza and the occupied territories. The disappearance of three Israeli youths who were later found dead prompted a flurry of condemnations ... More>>

ALSO:

Tania Billingsley: Demand For Accountability On Sexual Assault

Since my assault I feel that people have been assuming that my idea of justice is to have Rizalman found guilty in a New Zealand court. While it is an important part of justice being done, my main reason for wanting this is not for my own sense of ... More>>

Leslie Bravery: Hold The Perpetrator To Account, Not The Victim!

In a 4 July 2014 statement to Scoop Independent News, on the violent deaths of four young people in the Israeli Occupied West Bank and East Jerusalem, New Zealand's Foreign Minister Murray McCully made the following comments: 'The recent killing ... More>>

ALSO:

Santon Tekege: Investigative Report Into Oil Palm In Nabire Regency, Papua

Several companies’ plans to invest in the oil palm sector in Nabire have met with local opposition. People from the Yerisiam and Wate ethnic groups have staged several peaceful actions in Nabire against one of these companies, PT Nabire Baru1. More>>

ALSO:

Get More From Scoop

 
 
TEDxAuckland
 
 
 
 
Top Scoops
Search Scoop  
 
 
Powered by Vodafone
NZ independent news