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

 

Parliament Today:

John Key Press Conference: Ashburton Shootings, Judith Collins Inquiry

Prime Minister John Key has delayed the release of Nationals’ fiscal policy in light of this morning’s shooting at a Work and Income office in Ashburton... Key also answered questions about Judith Collins, and confirmed that independent inquiry will be held with regard to allegations made against Collins. More>>

ALSO:

Internet MANA: Georgina Beyer Rocks The Waka

“There is now, and always will be, a range of views about many issues within our movement and members are free to express them, but Georgina’s views on Kim Dotcom are not shared by the MANA Movement leadership or the vast majority of MANA members and supporters around the country” states MANA Candidate for Waiariki, Annette Sykes. More>>

ALSO:

IGIS Update: Inquiry Into Release Of NZSIS Information

The Inquiry would be conducted in private and individuals would appear before her separately over a period of more than a week. She does not intend to name those summoned to give evidence until her report is published. “I can confirm that all persons summoned will be required to appear under oath...” More>>

ALSO:

Gordon Campbell:
On John Key’s ‘Blame It On Judith’ Strategy

Right now, Prime Minister John Key seems intent on limiting the scope of any inquiry into his government’s dealings with Cameron Slater. The declared aim is to make that inquiry solely about Judith Collins’ behavior with respect to the Serious Fraud Office. More>>

ALSO:

Maori Council Lawyers' Statement: Supreme Court Decision On Maori Water Rights

“…the Supreme Court refused to give Pouakani people what they asked for, but may have given them something much, much better instead… the Supreme Court has questioned whether the Crown owns the River at all.” More>>

ALSO:

Gordon Campbell: On The Debate, And The Collins Accusation

Debating is a peculiar discipline in that what you say is less important than how you’re saying it. Looking poised, being articulate and staying on topic generally wins the day – and on that score, Labour leader David Cunliffe won what turned out to be a bruising encounter with Prime Minister John Key last night on TVNZ. More>>

ALSO:

Gordon Campbell: On Winston Peters' Latest Bout Of Immigrant Bashing

It is only one poll, but rather than cannibalising each other's vote, Colin Craig and Winston Peters do seem to be managing to find the room to co-exist... Few are questioning how Peters got to this happy place, and what it says about the mood of the electorate. More>>

ALSO:

More Immigration News: First People Trafficking Charges

The first people trafficking charges in New Zealand have been brought by Immigration New Zealand (INZ)... The defendants have been charged under the Crimes Act 1961 for arranging by deception the entry of 18 Indian nationals into New Zealand. More>>

Collins 'Misinterprets Media Reports': "Too Compromised To Remain Justice Minister"

Bizarre claims by Judith Collins this morning that she had been cleared of inappropriate behaviour by the Privacy Commissioner demonstrates she is too compromised to remain Justice Minister, Labour MP Grant Robertson says. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Politics
Search Scoop  
 
 
Powered by Vodafone
NZ independent news