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,

Keith Ng, Public Address

Jessica Mutch and Corrin Dann, TVNZ

Bernard Hickey

Patrick Gower, 3 News


© Scoop Media

Top Scoops Headlines


Werewolf: In A New York Groove

Right now, there’s a thing about downtown Manhattan in the 1970s and ‘80s, a lot of talk about an era that still resonates powerfully. Plenty of people in this city, still walking around and breathing in and out, were very involved in the world below 14th Street. More>>


Keith Ng On Public Address: Why The Police And The PM Are Wrong About Rawshark

On 2 October 2014, the Police raided Nicky Hager’s home... During the search, they found a piece of paper... “We considered [the document] was of interest to the investigation because of information we had already obtained”. That piece of paper was seized and designated NH025... More>>


Gordon Campbell: On Being Accountable, And Holding The Powerful To Account

Don’t know how you feel about it, but the selective unavailability of Ministers and senior public servants to media scrutiny seems to be a growing concern... Yet often and tellingly, they’re not so beyond-radio-contact that they can’t find time to authorise and email a statement unilaterally stating their position. Which indicates that it is the questioning of the party line that they’re choosing to avoid. More>>


Gordon Campbell: On Islam And The Paris Attacks

Presidential contender Ben Carson for instance, wants it to be made illegal for a Muslim to be elected as President of the USA. For the Republican Party at least, freedom of religion in America extends only to tolerating many ways of accepting Jesus Christ as your personal saviour. In reality of course, treating Islamic State as the essence of Islam makes about as much sense as treating the Ku Klux Klan as the essence of Christianity... More>>


Get More From Scoop

Top Scoops
Search Scoop  
Powered by Vodafone
NZ independent news