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Budget 2018 - Scoop Full Coverage

Budget 2018 - Scoop Full Coverage

Parliament Live - LIVE Video Of Budget 2018 from 2pm

The 2018 New Zealand Budget will be delivered on Thursday 17 May.

Scoop will be updating this page with Budget announcements, reaction and analysis once the Budget is released at 2pm. Hit reload to see the latest version.

CLICK TO JUMP TO SCOOP BUDGET COMMENTARY AND REPORTS
CLICK TO JUMP TO THE BUDGET PRESS RELEASES & LOCKUP VIDEO
CLICK TO JUMP TO BUDGET REACTION
CLICK TO JUMP TO BUDGET PREVIEWS

For the latest headlines and reaction see..
PARLIAMENT WIRE..., POLITICS WIRE..., BUSINESS WIRE..., EDUCATION WIRE..., HEALTH WIRE...
Or Search Scoop for "Budget"

RELATED LINKS:
For the full text (when released) of the budget see...
TREASURY BUDGET 2018 WEBSITE
See also the BEEHIVE BUDGET PAGE

For previous budgets see...
[Labour's December 2017 Budget update - link] - BUDGET 2017 - BUDGET 2016 - BUDGET 2015 - BUDGET 2014 - BUDGET 2013 - BUDGET 2012 - BUDGET 2011 - BUDGET 2010 - BUDGET 2009 - BUDGET 2008 - BUDGET 2007 - BUDGET 2007 - BUDGET 2006 - BUDGET 2005 - BUDGET 2004 - BUDGET 2003 - BUDGET 2002 - BUDGET 2001 & BUDGET 2000

BUDGET 2018 - SCOOP COMMENTARY / REPORTS

Gordon Campbell: On Budget 2018
To put it mildly, Budget 2018 has not been an outbreak of wild-eyed, tax and spend liberalism. “Unfortunately not,” says CTU economist Bill Rosenberg agrees laconically. “But what you're seeing and within the constraints [the government] have set themselves, ... More>>

Joseph Cederwall: On ‘Wellbeing Budgets', Corporate Handouts, Eudaimonia And Stoicism
The Government’s 2018 budget is the result of a balancing act between the demands of a sulking yet powerful corporate sector and a civil society shattered, bedraggled and desperate for change. The light on the horizon is the announcement of the Government’s wellbeing budget approach for the 2019 budget. More>>

Joseph Cederwall From The Budget Lockup: Foundations For The Distant Future?
Even the title of this budget 'Foundations for the future' sounds conservative. It may as well have been called 'don’t expect too much now'. A bit like Hamilton 'City of the Future' not so great now but wait a few years. What is clear is that it’s all about the long game here with an eye to 2020 and re-election. This first budget by Jacinda Ardern’s Government is more or less playing it safe. More>>

Radio NZ Analysis: Health Spending More Conservative Than Forecast
The government will extend free doctors visits' and prescriptions to under-14s and also make visits cheaper for people eligible for a Community Services Card. However, ahead of the election Labour promised to slash the cost of doctors' visits for everybody by $10 by July, but since conceded it wouldn't meet that goal. More>>
ALSO:

BusinessDesk: Robust Economy Drives Higher Tax Take
Finance Minister Grant Robertson has found an extra $24 billion to spend over the next four years by taking in more tax, reprioritising existing expenses, and thanks to delaying the previous government's debt reduction target ... More>>
ALSO:

The Conversation: Gains For Health, Housing And Education
Finance minister Grant Robertson had to achieve two contradictory aims when he announced the budget today: correct “nine years of neglect”, especially in health and education, and also produce a surplus and pay off public debt.
He has more or less succeeded, partly thanks to a reasonably buoyant economy and greater than expected revenue, for which the opposition is still taking credit. Nonetheless, this is a government that is still pinching itself to check that it’s actually in office, not dreaming it, and that carries a huge load of expectations and promises. More>>

Michael Mintrom, Monash University: Government Adopts Investment Approach
New Zealand’s Labour-led coalition government used its first budget to drive step changes in social and environmental outcomes. The investment approach to public policy has become the new orthodoxy for governance.
The investment approach can be defined as using evidence to quantify a public problem and then fund interventions that are likely to improve outcomes and therefore reduce future costs to government. More>>

BUDGET 2018 - THE REACTION - FULL COVERAGE

Weekend Interviews:

The Nation: Finance Minister Grant Robertson

"Well, I’m certainly thanking the businesses and workers of New Zealand who’ve contributed to building up the economy over recent years, and, look, yes, New Zealand’s economic growth relative to the rest of the world has been solid. The issue that I think we all fought the last election campaign on was the distribution of the benefits of that growth — have we actually kept up with funding our public services...?" More>>
ALSO:

Q+A: Grant Robertson Interviewed By Corin Dann

Finance Minister Grant Robertson is considering a fund to front foot an increasing number of bio security issues like the bacterial infection to cattle, mycoplasma bovis. More>>
ALSO:

BUDGET 2018 - POST BUDGET DAY DEVELOPMENTS

21/5: PM On Mycoplasma Bovis, Prisons - Working On It
At her first post-budget post-cabinet press conference Prime Minister Jacinda Ardern gave an update on the response to the spread of Mycoplasma bovis in New Zealand cattle. More>>
ALSO:

21/5: Teacher Shortages Worst Since Surveys Began
PPTA: “There is a wave of teachers about to retire and I’m embarrassed to say that we have reached the point where we are begging them to stay on… Young graduates no longer want to enter the profession, the pay is far too low compared to what they earn in other careers and, of the new teachers who do enter the profession, nearly half burn out and leave within five years.” More>>
ALSO:

18/5: 600 New Prison Beds Not Enough - Corrections Officers
Finance Minister Grant Robertson announced 600 new prison beds to be built in modular units by the end of next year, but would not say whether the extension of Waikeria Prison would go ahead. More>>
ALSO:

From Parliament:

Government/Labour

National

Greens

NZ First

ACT

Non-Parliamentary Political Reaction:

SOEs, etc

Health Sector Reaction:

Education Sector Reaction:

Science and Tech Sector Reaction:

Union Reaction:

Welfare/Poverty Sector Reaction

Finance, Tax & Analysis:

Business Reaction

Environment

Other Reaction

Lockup speech audio and questions:

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

The Budget Speech

    Summaries

    Fact Sheets

      Infrastructure & Economy

      Tax

      Sci/Tech

      Employment

      Maori

      Education

      Welfare

      Health

      Housing

      Law, Order, Defence & Security

      Art, Culture And Sport

      Trade and Foreign Affairs

      Earthquake Rebuild(s)

      Environment

      Other Stuff

      BUDGET 2018 PREVIEWS & REACTION

      Government Pre-Budget Announcements:

      BusinessDesk Pre-Budget Coverage:

      Radio NZ Budget Previews:

      From Budget Week:

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      Top Scoops Headlines

       

      Gordon Campbell: On Why We Should Be Anxious About Artificial Intelligence

      Frankly, the prospect of possibly losing half the existing forms of paid employment to AI does make me feel extremely anxious, given the indifference shown by central government to the downstream social damage caused by the reform process last time around... More>>

      ALSO:


      Binoy Kampmark: Tom Wolfe The Parajournalist

      As New Journalism’s primary advocate, Tom Wolfe headed the field with such experimental forces as Norman Mailer, Truman Capote and Hunter S. Thompson, all dedicated to enriching supposedly factual accounts with excessive flourishes that hurried out the beige in favour of the kaleidoscopic. More>>

      Gordon Campbell: On Racism And The Windsors

      For all the talk about the modernizing effect that Meghan Markle could have on the Royal Family, the suspicion all along has been that the House of Windsor is resistant to change at any level beyond the purely decorative. More>>

      Gordon Campbell: On Prospects Of US Talks With North Korea

      On June 12, the leaders of North Korea and the United States will meet across a table in Singapore, and Kim Jong Un must already be feeling giddy at the thought that this meeting is already being described with the word “summit” formerly reserved for meetings between superpowers of equal stature... Image: Steve Bolton NZ's contribution to the IAEA’s work on North Korea

    • United Nations - UN chief ‘optimistic’ over peace efforts
    • David Swanson - Enough is Enough. The Time Has Come to BDS the US - Peace Comes to Korea: Let’s Understand Why
    • CTBTO - CTBTO on North Korea
    • NZ Govt - NZ welcomes talks between North and South Korea
    • Massey University - Nukes to cyber war – NZ security in focus
    • Jim Miles - The Doomsday Machine - Confessions of a Nuclear War Planner
    • UNHCHR - North Korea detente: UN expert urges human rights opening
    • Binoy Kampmark - Trump, North Korea and Post-Olympic Angst
    • Gordon Campbell: On National’s Latest Attempts At Relevance

      Having ignored the existence of massive problems in health and education for nine years in government, it is no longer politically viable for National to maintain the pretence that such problems really don’t exist, or are somehow unworthy of serious concern by rational men of commerce.... More>>