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Full Scoop Coverage: Budget 2015

Budget 2015 - Scoop Full Coverage

Parliament Live - LIVE Video Of Budget 2015 from 2pm

The 2015 New Zealand Budget will be delivered on Thursday 15 May.


For the latest headlines and reaction see..

For the full text (when released) of the budget see...

For previous budgets see...
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
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Francis Cook: Andrew Little Post-Budget Address

Andrew Little said today the Budget was not earth-shattering, but he made concessions regarding the government's new policies on working for families and children in poverty.

Little's main issue with the Budget was that it lacked a clear strategy for dealing with lowering milk prices. He said the country will be left with a $7 billion hole from falling diary prices and Goldman Sacs expected prices to remain low for the next five years... More>>

Gordon Campbell: On Budget 2015

From the outset, the slogan for yesterday's Budget - "The Plan Is Working" - begged to be mocked. There's actually a plan for the national economy? Who knew? And its been working for whom, exactly? Not for families in poverty, clearly. Supposedly, the social hardship package is the centre-piece of Budget 2015. Yet how could Finance Minister Bill English claim with a straight face to be doing anything significant about poverty - or income inequality...More>>

Alastair Thompson: NZ Budget 2015 - A Budget With Poverty At Its Heart

Poverty of imagination. Poverty of opportunity. Poverty of ambition. Nothing has changed, really, since 2014. The fiscal stratagem remains fixed. Surpluses at all costs. Then spending restraints remain and any "fiscal headroom" is to be applied to repaying debt until it is paid down to 20% of GDP.

But in a world awash with Government deficits The NZ Govt's NZ's net debt position (reserves less debt) fell in 2014-2015. Anywhere else in the world that would mean we were already in surplus but not here. More>>

Multimedia Coverage:

BusinessDesk Coverage

BusinessDesk - KiwiSaver providing poor value for money, Treasury says
BusinessDesk - NZ Dollar Outlook: Kiwi may fall as US outlook brightens
BusinessDesk - MARKET CLOSE: NZ shares rise; DNZ gains; Spark drops
BusinessDesk - NZ dollar holds near bottom of range as rate cut eyed
BusinessDesk - NZ credit ratings unaffected by government's 2015 budget
BusinessDesk - New $16 per head arrival fee to hit travellers
BusinessDesk - Govt warns KiwiRail annual support won't last
BusinessDesk - Carrot and stick budget measures for low income families
BusinessDesk - NZDMO adds $1 bln to bond programme in 2015/16 year
BusinessDesk - Low inflation, ACC changes slash $3.2B from Crown balance
BusinessDesk - NZ economic growth seen slowing amid low commodity prices

Parliament Today Coverage - Budget Welfare Bill Sent To Select Committee - Urgency Motion - Urgency - Report Presented, Budget Speech Begins


Weekend Interviews:

The Nation - Lisa Owen interviews Grant Robertson
The Nation - Patrick Gower interviews Finance Minister Bill English:
The Nation - Lisa Owen interviews Northland GP Lance O'Sullivan
TVNZ - NZ can afford the future cost of superannuation - English


NZ Govt - Budget 2015: Funding boost for Irrigation Acceleration Fund
Labour Party - Public broadcasting takes big hit under National Government
Labour Party - Labour calls for inquiry into Rural Broadband Initiative
Labour Party - Fonterra payout $13b black hole over 2 years
Labour Party - Is Nick Smith making it up as he goes along?
Labour Party - Nats break health and education spending promises
NZ First - Deception, Division and Denial - The Ugly Truth
Labour Party - McCully excuses unravel in Saudi sheep scandal
Relationships Aotearoa - Relationships Aotearoa meets with transition providers
Relationships Aotearoa - Government forces closure of Relationships Aotearoa
Relationships Aotearoa - Relationships Aotearoa welcomes discussion


Metiria Turei's 2015 Budget Speech: The Abandoned Generation
Dunne Speaks on the 2015 Budget

Parliamentary Reaction:


    New Zealand Government - Social Housing Reform Bill passed into law
    New Zealand Government - Border Processing Bill passes third reading
    New Zealand Government - Budget 2015: Driving primary sector export growth
    New Zealand Government - Minister welcomes $74 million for tax compliance
    New Zealand Government - Children in Hardship Bill passes first reading
    New Zealand Government - Pacific peoples benefit from Budget 2015

    Labour Party - How many victims missing out on protection?
    Labour Party - Another new tax, another broken promise
    Labour Party - Speculator tax political stunt gone wrong
    Labour Party - Government kicks hardworking whanau
    Labour Party - Crucial social services take another hit
    Labour Party - Less than healthy outlook for health sector
    Labour Party - Budget puts the squeeze on police
    Labour Party - Budget silent on small business
    Labour Party - KiwiSaver cut shows no long-term plan
    Labour Party - Panic and back-flips can't hide twin deficits
    Labour Party - National hits the panic button for its 7th Budget


      Green Party - Why are we paying climate polluters $31m to pollute?
      Green Party - Conservation funding cuts a sad way to mark biodiversity day
      Green Party - Greens support Budget moves to protect biodiversity
      Green Party - Reduced spend on refugees undermines resettlement
      Green Party - National's police cuts risk community safety
      Green Party - Nasty cuts to Kiwisaver show young NZers are fair game
      Green Party - Metiria Turei's 2015 Budget Speech: The abandoned generation
      Green Party - Today's Budget still no solution to child poverty

      NZ First

        NZ First Party - Supported Poverty Does Nothing for Kiwi Kids
        NZ First Party - Social Housing Not Our Problem Says National
        NZ First Party - Too Much Pressure on Parents of Disabled Children
        NZ First Party - Defence Budget - under Staffed, Undervalued But Over There
        NZ First Party - Nothing for Northland And Regions in 'I See Red' Budget
        NZ First Party - Police Budget 2015 - 'King of Pain' for Regional Policing
        NZ First Party - Count Me In Programme Masks Neglect of Māori Youth
        NZ First Party - Farmers Get Crumbs From Budget 2015
        NZ First Party - Nothing to Celebrate for Education in Government’s Budget
        NZ First Party - Budget Fails to Deliver for Regional North
        NZ First Party - Split Enz 'I See Red,I See Red, I See Red'

        The Maori Party

          The Maori Party - Maori Party secures more support for Maori housing
          The Maori Party - Maori Party secures essential funding for Whanau Ora
          The Maori Party - Maori Party delivers for vulnerable whanau


            ACT - Budget 2015: ACT welcomes focus on poorest families
            ACT - Budget 2015: Four hundred and thirty hectares? How about 27m
            ACT - Budget 2015: Budget could have cut company tax
            ACT - Budget 2015: Tax burden continues to rise

            United Future

              United Future NZ Party - Dunne Speaks on the 2015 Budget

              Non Parliamentary Political Reaction:

                NZ Taxpayers' Union - Taxpayers' Union welcome changes
                New Zealand Bankers' Association - Budget 2015 continues responsible economic direction
                NZ Taxpayers' Union - National deliver Labour-Green Budget
                NZ Taxpayers' Union - Budget 2015 introduces new 'travel tax' on Kiwi families

                Health Sector Reaction:

                  Pharmacy Guild - Guild disappointed but not surprised at lack of funding
                  Health Promotion Agency - Palliative care funds and services must filter to rural area
                  New Zealand Medical Students' Assn - Budget Prevents Doctors from Graduating
                  Association of Salaried Medical Specialists - Government fails - again - to invest in health workforce
                  College of Public Health Medicine - College of Public Health Medicine applauds Budget 2015
                  Health Funds Association of NZ - Health budget still doesn't address funding model: HFANZ

                  Education Sector Reaction:

                    NZMSA - Budget Prevents Doctors from Graduating
                    Child Forum - More childcare the focus for early education budget
                    Te Taumata o Ngati Whakaue Iho Ake Trust - Budget 2015; Ngati Whakaue; Rotorua
                    Early Childhood NZ - Budget 2015 cold comfort for early childhood education
                    NZUSA - Budget does nothing for Generation Rent
                    Universities NZ - Universities a key part of the solution
                    Universities, Polytechnics And Wananga - Budget tougher for students
                    Ngati Apa - Iwi leader believes education the key to a better future
                    Early Childhood Council - Budget will cost average early childhood centres $15,000
                    Lincoln University- Budget funding boost welcomed
                    NZSTA - Education budget focuses on learners says NZSTA
                    NZEI - Hard budget decisions loom for primary schools
                    VUWSA - Budget 2015: Students left in the doghouse
                    New Zealand Kindergartens - Budget is a missed opportunity to improve quality in ECE

                    Union Reaction:

                      NZ Council of Trade Unions - Solo parents forced to work; but where are the quality jobs?
                      NZNO - Budget 2015 robs Peter to pay Paul
                      First Union - Budget 2015: Working people miss out - union
                      PSA - Budget 2015 shows no plans for public sector wages
                      CTU - Workers are missing out
                      NZEI - Government more focussed on quantity over quality
                      NZEI - Hard budget decisions loom for primary schools
                      NZEI - Budget lack of provision for necessary education pay rises

                      Global Markets/Futures

                        HiFX Key budgetary points by HiFX

                        Banking and Finance

                          Welfare/Poverty Sector Reaction

                            Every Child Counts - Important first steps but more needed to end child poverty
                            Child Poverty Action Group - Budget signals change in approach to child poverty
                            Council for International Development - Budget response: New Zealand needs to up its game on ODA
                            UNICEF NZ - Budget delivers small change but not real change for children
                            Oxfam - Focus on poverty urged as aid budget increases
                            Caritas Aotearoa - Benefit increase a step in the right direction
                            NZCCSS - Child hardship package – a very modest start
                            New Zealand Plunket Society - Plunket welcomes steps to help families living in poverty
                            Bridget Williams Books - Jonathan Boston: child hardship package
                            Nga Taitamariki ki o Nga Puhi - Iwi Chairs Pleased with Budget Commitment to Whanau Ora
                            Office of the Children's Commissioner - Children’s Commissioner – "Budget a surprise but not a plan"
                            Salvation Army - Some relief for the most deprived
                            Salvation Army - Good Boost to Auckland Housing says Sallies
                            UNICEF - Budget takes small steps for children
                            Auckland Action Against Poverty - Budget benefit lift a mean trick
                            PANICPR - Annah Stretton: Crisis vs Change
                            Salvation Army - Good Boost to Auckland Housing says Sallies
                            Property Council Of NZ - Budget delivers on housing, but not earthquake strengthening

                            Accountants & Analysis

                              PricewaterhouseCoopers - Budget : A signal about GST on overseas online purchases
                              PricewaterhouseCoopers - Budget 2015: Auckland housing - more land for development
                              KPMG - Budget 2015 – Facing the Future
                              PricewaterhouseCoopers - Budget 2015: Business as usual for health
                              Deloitte - Budget aims to addresses Auckland housing but not transport
                              Deloitte - Budget 2015 brings home reality of a hard economic grind
                              Deloitte New Zealand - Budget 2015 a missed opportunity for Māori

                              Business Reaction

                                NZ Beef and Lamb - Border clearance levy welcomed
                                Employers And Manufacturers Federation - Budget Responsible but Lacking Vision
                                Spark NZ - Spark supports Government plans to act on multi-national tax
                                Wellington Employers' Chamber of Commerce - Budget continues a stable platform for business growth
                                Financial Services Council - Axing Kiwisaver Kick Start Payment a Terrible Signal
                                MYOB - SMEs hope for more focus from Government
                                Chartered Accountants Australia and New Zealand - Budget 2015: Where's the broader long term plan?
                                Retail NZ - Retailers "Deeply Disappointed" by Budget
                                Business NZ - Budget 2015 takes an incremental approach
                                New Zealand Property Institute - Property Institute gives tick to Budget Housing initiative
                                Employers And Manufacturers Federation - Budget Responsible but Lacking Vision
                                Tourism Industry Association - Tourism industry opposes border clearance levy
                                Property Council Of New Zealand - Budget delivers on housing, but not earthquake strengthening
                                Chartered Accountants Australia and New Zealand - Budget 2015: Where's the broader long term plan?
                                PwC - Budget 2015: Sticks to tried and tested formula
                                Deloitte - Budget 2015 refreshingly free of tax changes
                                Deloitte - Budget 2015 brings home reality of a hard economic grind

                                Other Reaction

                                  NZ Police Association - Government just scraping by on Police Budgets
                                  Cycling Advocates Network - Cyclists gather 'crumbs from Transport Budget table'
                                  Grey Power NZ - Budget a lost opportunity - Grey Power
                                  Cameron Brewer - Len Brown fails to convince Govt on transport
                                  Science New Zealand - Science New Zealand on Budget 2015
                                  Oily Rag- Oily Rag Budget 2015
                                  Irrigation NZ - INZ supportive of budget 2015 allocation to water management
                                  Generation Zero - Budget a disappointment for Auckland transport
                                  Kiwis for Kiwi - Kiwis for kiwi welcomes $11.2m to help save Kiwi

                                  BUDGET 2015 - THE PRESS KIT
                                  (Note see also pre-budget announcements below)

                                  The Budget Speech

                                    Budget: Hon Bill English Budget Speech 2015

                                    I move that the Appropriation (2015/16 Estimates) Bill be now read a second time. More>>

                                    Executive Summaries
                                    Budget 2015: At a Glance
                                    John Key - Supporting children in hardship focus of Budget
                                    Bill English - Help for families at heart of responsible Budget
                                    Bill English Newsletter - Message From Bill English

                                    Fact Sheets
                                    Fact Sheet 5: Child hardship package as a whole
                                    Fact Sheet 4: Increasing Childcare Assistance
                                    Fact Sheet 3: Changes to Working for Families
                                    Fact sheet 2: Increasing benefit rates for families with children
                                    Fact Sheet 1: Extending work obligations for parents on a benefit

                                    Hon Bill English Budget Speech 2015
                                    Share offer funds support education, UFB, rail
                                    KiwiSaver $1,000 kick-start payment to cease
                                    Books in good shape as surplus nears

                                    $360m boost for world-class internet connectivity
                                    $52m to replace wharf at Chatham Islands
                                    Budget invests $249m extra in transport priorities

                                    $12.8m for new Te Ture Whenua Māori Network
                                    $2.1m for rangatahi Māori suicide prevention
                                    $35.3m invested to improve Māori housing

                                    $373.9m spending on school infrastructure
                                    Education investment rises to $10.8b
                                    Further $113m boost for tertiary education, skills
                                    Opportunities through Partnership Schools
                                    Extra $8.2m for vulnerable students
                                    Stepping up for kids with special needs
                                    Budget 2015 Presentation to Education Cross Sector Forum

                                    Bill English - Help for families at heart of responsible Budget
                                    John Key - Supporting children in hardship focus of Budget
                                    Budget 2015 supports at-risk children
                                    $49.8m boost for Whānau Ora navigators
                                    Forgiving debt to encourage child support payments
                                    Extra support to help more people into work
                                    Commitment to improved social housing
                                    $790m package for children in poorest families

                                    $12.4m to extend bowel cancer screening pilot
                                    $76.1m more for palliative care and hospices
                                    Health investment increases to a record $15.9b
                                    More support for disabled young people

                                    Fund to facilitate Auckland housing development

                                    Law, Order, Defence & Security
                                    $218.6m to continue improving public safety
                                    New funding of $164m to support Police
                                    Supporting the SFO in fighting serious fraud
                                    Funding boost for New Zealand security services
                                    Government continues to back NZ armed forces

                                    Research, Growth And Innovation
                                    $25m funding for Regional Research Institutes

                                    Art, Culture And Sport

                                    Trade and Foreign Affairs
                                    Border clearance levy to be introduced
                                    Extra boost to Customs' border security
                                    Funding boost for biosecurity at the border

                                    Canterbury Rebuild
                                    Govt support for Canterbury rebuild now $16.5b

                                    Other Stuff - RMA, Business Number, Kiwis and Animal Welfare
                                    $41.2m for resource management, water reform
                                    $12.1m for NZ Business Number
                                    $11.2m to secure the future of the kiwi
                                    Animal welfare funding boost in Budget

                                    BUDGET 2015 PREVIEWS & REACTION

                                    Parliament Today: Budget and Urgency

                                    Budget 2015: A Budget to Assist The Poorest?

                                    A people centred budget, which improves the plight of the poorest and most vulnerable Kiwis, is the expectation The Salvation Army has for Thursday's budget.

                                    We look to Government to launch the economic plan that comprehensively addresses housing supply and affordability, child poverty, social and economic deprivation in regional New Zealand said Major Sue Hay Director of the Army's Parliamentary Unit. More >>


                                  • Andrew Little's Pre-Budget Speech
                                  • PM's Net to Catch Property Gains Not the Key
                                  • John's panic-Key response to housing crisis
                                  • John Key finally admits there's a housing crisis
                                  • Government finally beginning to see sense on capital gains
                                  • Greens Baby Kick Start a Stolen Policy
                                  • Greens will deliver a game-changer on kids' savings
                                  • Free Thoughts - ACT's budget priorities

                                  • Budget 2015: Two new tourism projects to receive funding
                                  • Budget 2015: Extra property tax measures
                                  • Budget 2015: Taxing property gains fairly
                                  • Budget 2015: $33m boost for Immigration
                                  • Budget 2015: $500m of ACC levy cuts signalled
                                  • Budget 2015: New Afforestation Grant Scheme
                                  • Financial Statements of the Government of New Zealand
                                  • Post-Cab Press Conference on the Capital Gains Tax
                                  • BusinessDesk - RBNZ house alert speech the catalyst for government action

                                  • ENDS

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