https://www.scoop.co.nz/stories/HL0905/S00283/budget-2009-scoop-full-coverage.htm
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Budget 2009 - Scoop Full Coverage |
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Scoop Budget 2009 Coverage will be updated during the day as information becomes available.
Scoop has its largest ever contingent in the Budget lockup and will bring you breaking news and analysis from political, economic and business perspectives.
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PRE-BUDGET ANNOUNCEMENTS AND
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BUDGET 2009: HEADLINES
RELATED LINKS:For the full
text (when released) of the budget see...
TREASURY BUDGET 2009 WEBSITE
See also
the BEEHIVE BUDGET PAGE
Public Budget discussion at: Talk: Budget 09 : Public Address
For previous
budgets see...
BUDGET
2008 - BUDGET
2007 - BUDGET
2007 - BUDGET
2006 - BUDGET
2005 - BUDGET
2004 - BUDGET
2003 - BUDGET
2002 - BUDGET
2001 & BUDGET
2000
BUDGET
2009 - SCOOP COMMENTARY
Scoop Business: NZ Ends Tax Cuts, Pension Contribution; Debt Soars
Jonathan Underhill: New Zealand’s government scrapped tax cuts scheduled for the next two years, suspended contributions to the Super Fund and capped new spending to curb a projected surge in public debt as the recession stretches through a second year. More >>
Scoop Business: Productivity, Vision Take Back Seat To Debt
Pattrick Smellie: I think I need some new pills. Last year’s Budget from Labour’s Michael Cullen was all about tax cuts. It looked like the Budget Bill English would like to have delivered. More >>
Sludge Report #190: The Band-aid Budget
The headline numbers out of today's budget will scare no horses. And hopefully not the Standard and Poors' examiners anyway. And afterall that was - according to the PM John Key - the plan.
And in a sense that sums up budget 2009 - "The Road to Recovery" - or as Kiwiblog's David Farrar remarked in the lockup today, the budget that wrote itself. More >>
Public Address: Budget 2009: "Aww, shit." (Out-Link)
It's a simple, simple Budget. It's only goal was bringing down the debt track. This is the scary-o-graph showing the debt track that the government was heading towards, with the alternative line showing the impact of the policy changes... More >>
Gordon Campbell: The Budget’s Tightening Noose
Judging by the Budget, the good news is that Finance Minister Bill English is not the beady eyed ‘lets take this theory and see if it works on people’ sort of ideologue that we saw in the 80s, early 90s. That’s about where the good bit ends. The bad news is that for all his team of pricey advisers, English seems to have no more clue than you or I about how to lift productivity, reduce rising unemployment, combat the recession and put the country on a growth path. More >>
Pundit.co.nz: Budget '09: First impressions (Out-Link)
Tim Watkin: Bill English's budget kept it tight, predictable and conservative. Given the times, that was a rather risky thing to do ... More >>
Audio + Images: Budget 2009 Lock-up Press Conf.
Images and Audio on Demand of Finance Minister Bill English's briefing and question and answers with media and analysts in the Beehive banquet hall today. 44 minutes of audio. More >>
BUDGET 2009 - THE REACTION -
FULL COVERAGE
BUDGET DEBATE SPEECHES - AS PREPARED
Parliamentary Reaction:
Labour
National
Progressive Party
Greens
The Maori Party
ACT
United Future
NZ Government (Reaction To Reaction)
3News Video:
Non Parliamentary Political Reaction:
Survey: New Zealanders Split On Budget
New Zealanders split on Budget: huge support for housing and health policies, worries over super and unemployment... New Zealanders overwhelmingly support health and insulation policies announced in the Budget but don't believe the Government has produced enough new policy to successfully manage the economic recession. More >>
Law Society: Pay Cut For Legal Aid Providers Disappointing
''While we appreciate that the Government is operating in a very difficult economic climate, it is extremely disappointing that it has chosen not just to freeze but actually to reduce the remuneration rates for legal aid lawyers,'' New Zealand Law Society President, John Marshall QC, said... More >>
Health Sector Reaction:
Education Sector Reaction:
Union Reaction:
Business Sector Reaction:
Other Reaction
(Note see also pre-budget announcements
below)
The Budget Speech
SUMMARY SHEETS
Economy
Education
Welfare
Health
Housing
Law, Order & Security
Research, Growth And Innovation Framework
Art, Culture And Sport
Trade and Foreign Affairs
Other Stuff - Maori, State Sector, Local Govt
Tech Specs: Treasury Improves Fiscal Risks Process
Treasury has introduced improved rules and
processes to identify the fiscal risks published as part of
today’s Budget. The changes were made in response to The
Ministerial Inquiry into Disclosure of Funding Shortfall in
the ACC Non-earner’s Account and ... More
>>
Economic Crises: Key Speech To Institute Of
International Affairs
It’s good to be here today to discuss some of the international issues affecting New Zealand. I am reminded that the founding members of this organisation first met against the backdrop of a world economy shattered by the Great Depression. More >>
Insulation: Warm Homes, Leaky
Budgets
The New Zealand Business Council for
Sustainable Development is welcoming reports that the
Government intends offering up to 900,000 owners of pre-2000
homes $1500 grants to insulate their homes. More
>>
Gordon Campbell: This Budget Brought To You By
The Letter “P”?
There are political reasons
why there also has to be light at the end of the tunnel, a
vision of triumph over adversity etc etc. So, amidst the
budgetary gloom, there is one word that can convey a rosy
sense of we’re all-in-this-togetherness. That buzzword is
‘productivity’. More
>>
Scoop Business: Key Downplays Prospects For
Credit Rating Cut
Prime Minister John Key
downplayed the prospects of a cut to New Zealand’s AA+
credit rating as Standard & Poor’s analysts prepare to run
their ruler over this year’s budget. More
>>
Scoop Business: Smellie Sniffs The Breeze - True
Colours
May 15 - Here's a radical thought for saving 22,000 jobs. I didn't think of it myself, the NZIER snuck it into their latest report on just what a tough Budget this is for John Key and Bill English. More >>
Budget: More Maternity Funding For New
Parents
The additional funding provides for: -
Longer stays for new mothers in birthing facilities - An
optional meeting each trimester for at risk mothers,
attended by the pregnant woman, their GP, and their lead
maternity carer... More
>>
Budget: Oil, Gas Explorers Welcome Oil, Gas
Exploration Tax Exemption
Straterra, the industry
group representing New Zealand’s natural resources
industries, has welcomed Government plans to extend tax
exemption for offshore oil and gas exploration. More
>>
Aussie Budget: "Swan Diving Into The Red
Sea"
- Budget deficit of A$57.6 billion (4.9% of
GDP) in 2009-10; revenues collapsing as expenditure
soars
- Government borrowing to blow out to A$301 billion
by 2013; bond issuance to balloon
- Government belatedly
admits that Australia is in recession; GDP to fall 0.5% in
2009-10 More
>>
PRE BUDGET GOVERNMENT RELEASES:
Official Site: Beehive - Pre-Budget Announcements
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