Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search

 

Will the NZ Police budget be increased or cut?

IPREDICT LTD

MEDIA RELEASE

Friday 9 March 2012

FOR IMMEDIATE RELEASE

www.ipredict.co.nz

Will the New Zealand Police budget be increased or cut?


New Zealand’s online predictions market iPredict, has today launched a bundle of contracts asking if funding for the New Zealand Police will be increased or cut in this year’s Budget, and by how much.

iPredict’s nearly 6000 registered traders, and anyone else who signs up for free at www.ipredict.co.nz, can now trade the stocks at https://www.ipredict.co.nz/app.php?do=browse&cat=12&show=charts

Eight stocks have been launched asking whether or not the police budget will be increased by more than 4%, increased by 2-4%, increased by 0-2%, cut by 0-2%, cut by 2-4%, cut by 4-6%, cut by 6-8% or cut by more than 8%. Whichever stock is confirmed by announcements on Budget Day will pay $1, meaning that the price in cents at any given time should indicate the probability of the police budget announcement being in that range. The value of all eight stocks should sum to $1 at all times.

The iPredict administrator, Oliver Ibbetson, said New Zealand’s largest newspaper, the New Zealand Herald, had reported this week that budget pressures mean that police numbers might need to fall and some stations might need to close unless officers forgo pay rises or the government increases the police budget.

In the 2011 Budget, the police budget was cut by 0.2% from NZ$1,483,884,000 to NZ$1,480,743,000.

In its policy statement for the 2012 Budget, published in December 2011, the New Zealand Government confirmed “operating allowances of $800 million for Budgets 2012 and 2013, returning to $1.2 billion for Budget 2014 and growing thereafter at 2 per cent per annum.”

It said: “To stick to these operating allowances we will continue to reprioritise spending into higher-priority areas and require government departments to find efficiencies as part of their four-year budget plans.”

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Fallout From The Barclay Tape

This is hardly a case of cleaning out your desk and being turfed out onto the pavement.

As others have pointed out, the disgraced Clutha-Southland MP will remain on the public payroll for three months until the election, and for three months afterwards. More>>

 

Ombudsman: Canterbury Schools Reorganisation Mishandled

An investigation into the Canterbury schools reorganisation after the February 2011 earthquakes has found significant gaps and flaws in the Ministry’s engagement and communications with schools and communities. More>>

ALSO:

Law Commission: Contempt Report "Protects Right To Fair Trial"

The proposed Act limits what news media representatives and bloggers can report on court proceedings, but it also makes clearer than the current law where the line is between contempt and freedom of expression. More>>

ALSO:

Gordon Campbell: On Our Refugee Intake (And Uber’s Woes)

On figures released this week, there are currently 65.6 million people worldwide who have been displaced from their homes by war, famine or other external causes… More>>

ALSO:

IGIS Report: GCSB Support For Groser WTO Bid Not Illegal

“The inquiry has found that the GCSB did not act unlawfully or improperly in providing assistance to the New Zealand government campaign”, Ms Gwyn said. More>>

ALSO:

PM's Press Conference: Pike And Houses

There were questions on Pike River mine re-entry after new video from inside the drift was released over the weekend. English maintained a human effort would not be feasible irrespective of any future coalition demands from NZ First. He said the government would continue to work with families on non-manned re-entry. More>>

ALSO:

Flogging A Dead Horse: NZ First Seeks New s59 Referendum

10 years on from the so called “anti-smacking” law - NZ First calls for a binding referendum. NZ First MP Tracey Martin told TVNZ’s Q+A programme that the law change has had a “chilling effect” on NZ parents including herself. More>>

ALSO:

Always Interesting: Internet Party Has New Leader

The Internet Party has a new leader: Suzie Dawson... She currently resides in Moscow, Russia, where she has applied for temporary asylum due to severe persecution she reports being subjected to by those whose corruption she worked to expose.More>>

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election
 
 
 
  • PublicAddress
  • Pundit
  • Kiwiblog