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

 

Also, Loan Interest: Productivity Commission On Tertiary Education

Key recommendations include better quality control; making it easier for students to transfer between courses; abolishing University Entrance; enabling tertiary institutions to own and control their assets; making it easier for new providers to enter the system; and facilitating more and faster innovation by tertiary education providers... More>>

ALSO:


Scoop Images:
Dame Patsy Reddy Sworn In As Governor-General

This morning Dame Patsy Reddy was sworn in as the New Zealand Realm’s 21st Governor-General. The ceremony began with a pōwhiri to welcome Dame Patsy and her husband Sir David Gascoigne to Parliament. More>>

ALSO:

Ruataniwha: DOC, Hawke's Bay Council Developer Take Supreme Court Appeal

The Department of Conservation and Hawke's Bay Regional Investment Company (HBRIC) are appealing to the Supreme Court over a conservation land swap which the Court of Appeal halted. More>>

ALSO:

With NZ's Marama Davidson: Women’s Flotilla Leaves Sicily – Heading For Gaza

Women representing 13 countries spanning five continents began their journey yesterday on Zaytouna-Oliva to the shores of Gaza, which has been under blockade since 2007. On board are a Nobel Peace Laureate, three parliamentarians, a decorated US diplomat, journalists, an Olympic athlete, and a physician. A list of the women with their background can be found here. More>>

Gordon Campbell: On The Key Style Of Crisis Management

At Monday’s post Cabinet press conference Key was in his finest wide- eyed “Problem? What problem?” mode. No, there wasn’t really a problem that top MPI officials had been at odds with each other over the meaning of the fisheries policy and how that policy should be pursued... More>>

ALSO:

Mt Roskill: Greens Will Not Stand In Likely Post-Goff By-Election

“The Green Party’s priority is changing the Government in 2017, and as part of that we’ve decided that we won’t stand a candidate in the probable Mt Roskill by-election... This decision shows the Memorandum of Understanding between Labour and the Green Party is working." More>>

ALSO:

Wellington: Predator Free Capital Plan

Wellington City Council (WCC), the Greater Wellington Regional Council (GWRC) and NEXT Foundation, today announced a joint collaboration to make Wellington the first Predator Free capital city in the world. More>>

ALSO:

Gordon Campbell: On Judith Collins’ Efforts At Self Correction

Thousands of prisoners currently in prison may be entitled to an earlier release than expected – and compensation – because Corrections has incorrectly calculated their term of imprisonment. Unless of course, the government buries its mistakes by changing the law and retro-actively getting itself off the hook… More>>

ALSO:

More Justice & Corrections

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Politics
Search Scoop  
 
 
Powered by Vodafone
NZ independent news