Budget 2009 - Scoop Full Coverage
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.
For the latest headlines and reaction see..
BUDGET 2009: HEADLINES
RELATED LINKS:For the full text (when released) of the budget see...
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
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 >>
ALSO:Scoop Business - NZ Govt bond sales to soar 55% as deficits balloonScoop Business - Primary Growth Partnership replaces Fast ForwardScoop Business - S Confirms AA+ Rating - Outlook StableScoop Business - NZ dollar holds above 62 US cents after S reviewScoop Business - Budget a success: S revises outlook to ’stable’
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 >>
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 >>
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 >>
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 >>
Tim Watkin: Bill English's budget kept it tight, predictable and conservative. Given the times, that was a rather risky thing to do
... More >>
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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 >>
ALSO:Tom Frewen - Today In Parliament: 28.05.09Tom Frewen - The Week In Parliament: Week Ending 29.05.09
BUDGET 2009 - THE REACTION - FULL COVERAGE
BUDGET DEBATE SPEECHES - AS PREPAREDACT - Sir Roger Douglas: Budget of Broken PromisesMaori Party - Tariana Turia: Budget Day DebateGreens - Budget 2009 – Russel Norman’s SpeechProgressive Party - Speech: Anderton - Budget 09
Parliamentary Reaction:
LabourLabour - Budget fails to protect Kiwi jobsLabour - Budget the death knell for Super entitlementsLabour - Budget fails to protect jobs for MaoriLabour - War Memorial Park off the agendaLabour - Another broken promise - health spending cutLabour - Rural New Zealand abandoned in the BudgetLabour - Natl’s decade of deferrals creates $35B Super holeLabour - Reduced border funding will hinder fight against PLabour - RS a big loser in Budget 2009
NationalNZ Govt - Key: Trans Tasman Business Circle post-BudgetNational - Collins Comments: Budget 2009NZ Govt - Minister thanks Maori Party for Treaty support
Progressive Party
GreensGreens - Greens negotiate landmark insulation programmeGreens - Borrow Green Policies Not Money for Motorways
The Maori PartyMaori Party - Maori Party helps secure $120m in Budget for MaoriMaori Party - Maori Party Post-Election AchievementsMaori Party - Maori benefit from $40m and $7b fundsMaori Party - TREATY: $22m to speed up claimsMaori Party - AQUACULTURE: $15m to finalise settlementMaori Party - HOUSING: $12m for rural MaoriMaori Party - Maori to gain from $323m retrofitMaori Party - EDUCATION: $20m to help Maori in high schoolMaori Party - Language: $5.7m for te reo MaoriMaori Party - Sharples: Taxation (Budget Tax Measures) BillMaori Party - Speech: Katene - Budget Tax Measures
ACTACT - Budget Never Fails To DisappointACT - Budget Low-Lights
United FutureUnited Future - Dunne: A prudent Budget for the times
NZ Government (Reaction To Reaction)NZ Govt - Credit rating news reflects credible BudgetNZ Govt - Hospice visit confirms money well spentNZ Govt - Borrowing costs would rise under Labour
3News Video:TV3 Video - Debate over budget continues in and out of ParliamentTV3 Video - What do students make of the budget?TV3 Video - Charles Finney and Peter Conway discuss the budgetTV3 Video - Westpac and AXA Chief economists discuss the budgetTV3 Video - Post-budget interview with Bill EnglishTV3 Video - English says the budget has 'struck the right balance'TV3 Video - Budget paints grim pictureTV3 Video - Bill English on today's budget announcementsTV3 Video - Reactions to the budgetTV3 Video - Budget 2009: Tight budget cuts spendingTV3 Video - Govt puts brains, ahead of bricks in budgetTV3 Video - Tax cuts "unlikely before next election"TV3 Video - $1b for Law and Order: Prisons, parole, probation and tasers
Non Parliamentary Political Reaction:Environment Canterbury - More reason for Canterbury people to insulateLocal Govt NZ - Communities crucial to recession recoveryNZ Police - Police Pleased With Budget CommitmentDemocrats for Social Credit - Private debt still used for public expenditureDemocrats for Social Credit - Steps to keep debt under control – Yeah right!No More Rates - Budget Puts Pressure On Local CouncilsPolice Association - Tasers, New Staff Welcome - Cost Pressures RemainDepartment Of Corrections - Corrections Welcomes Additional FundingRetirement Commission - NZ Super Fund change does not affect your paymentsNZ Alliance Party - Barren budget burns off John Key's teflon coatingNZ Alliance Party - "A budget of very little brain."
Health Sector Reaction:Researched Medicines Industry Association - Budget and access to medicines for New ZealandersNZ Medical Students' Assn - Medical Students Welcome FundingNZ Medical Association - Priority on Health SupportedNZ Nurses Organisation - Budget 2009: Tough Calls, Some Good, Some BadWest Auckland Hospice - Community Support Remains Vital for HospiceAssociation of Salaried Medical Specialists - Budget: Pluses, Minuses And Increased PressureRoyal NZ College of General Practitioners - Welcome investment in medical workforceRural General Practice Network - Onus on DHBs to deliver better rural health
Education Sector Reaction:NZ Educational Institute - Budget Fails Frontline Education WorkersVice-Chancellors Committee - Unis Press For Investment Despite Budget ConcernUniversity of Waikato - Maori student programme rolled outQuality Public Education Coalition - QPEC - Budget featherbeds private schools, ignores tailNZ Union of Students' Associations - "Brighter future" a distant glimmer say studentsOtago University Students Association - Bill's Budget Blunder – Students out in the ColdVice Chancellors' Committee - Budget Deals Body Blow To UniversitiesCommunity Learning Association Through Schools - Education Funding to Communities slashed - Otago University Students March in Budget ProtestNZ Union of Students Associations - Students disappointed at loss of scholarshipsRural Women NZ - Extension of ‘20 hours free’ scheme to PlaycentresNZ Vice-Chancellors Committee - Rs Measures Recognise University RoleInstitutes of Technology and Polytechnics NZ - ITPs Focus on Skilling NZ’s RecoveryPost Primary Teachers' Association - It’s a smoke and mirrors Budget
Union Reaction:Tertiary Education Union - Wrong choice for learning our way out of recessionCTU - Unemployment set to riseEngineering Printing and Manufacturing Union - Budget fails Kiwi workers - EPMUMaritime Union of NZ - Budget takes NZ transport down the wrong roadFinsec - Budget good for banks – how about customers?Public Service Association - Budget: more public sector jobs will be axed
Business Sector Reaction:Standard And Poor's - Outlook On NZ Revised To Stable, Ratings AffirmedKPMG - Government Throws Out Sea AnchorKPMG - Energy: Little new news on energyKPMG - Infrastructure in the BudgetKPMG - Govt action will not stimulate wider economyDeloitte - Deloitte analysis of Budget 2009Contact Energy - Contact keen to support insulation initiativeNewmarket Business Association - Deferring tax cuts won't affect NZ's retailersBusiness NZ - A Budget for the timesEmployers And Manufacturers Federation - Budget responsible, back to basicsIndustry Training Federation - ITF Response to BudgetIPENZ Engineers NZ - Budget 09: High-tech industries also need a boostWellington Regional Chamber of Commerce - A Responsible Budget for Extraordinary TimesNZ Business Roundtable - Economic Direction Sound, Harder Decisions NeededBNZ Weekly - BNZ Weekly Overview - BudgetThe NZ Institute - As inadequate as a lone chopstickAuckland Chamber of Commerce - A Business-Like Scene Set Budget To Curb DebtMercer - No budget changes good for stability of KiwiSaverMercer - Suspending Super contributions burden for futureFederated Farmers - Budget assists farm productivity & competitivenessBuilding Industry Federation - Immediate gains from budget insulation initiativePricewaterhouseCoopers - Tax system vulnerable to global crisisFirst National - Budget delivers for tenants – First NationalManufacturers and Exporters Association - Budget –spending cuts yes, but what about growth?Kiwibank - Kiwibank Supports Govt Healthier Homes InitiativeNZbio - NZBIO supports investment in innovationBusiness Council for Sustainable Development - Extra loans key to 1 million home upgrade
Other ReactionOrganics Aotearoa NZ - Budget Brings Hope For Sustainability ScienceMeat And Wool NZ - Commitment to primary sector research welcomeSalvation Army - We need close monitoring of social indicatorsAge Concern - Budget leaves old slightly warmer but poorerNZ Council of Christian Social Services - Budget: Poorest & Most Vulnerable Still waitingJigsaw - Jigsaw welcomes Budget support for familiesFoundation For Youth Development - Foundation Statement on Budget 2009Community Energy Action - Energy Action applauds insulation fundingThe Royal Society of NZ - Budget Boosts Marsden Fund to $47 millionThe Royal Society of NZ - Budget Support For Science And Technology WelcomedScience Media Centre - Budget '09 - scientists respond (updated)Science NZ - Science NZ welcomes benchtop RS increaseNZ Association of Scientists - Assn of Scientists concerned about free speechComvoices - Budget secures support for social infrastructureBayBuzz - Councils can’t identify spending cuts
BUDGET 2009 - THE PRESS KIT
(Note see also pre-budget announcements below)
The Budget SpeechNZ Govt - Speech: Bill English - Budget 2009
SUMMARY SHEETS
EconomyNZ Treasury - 2009/10 Domestic Debt ProgrammeNZ Govt - Budget sets out New Zealand’s road to recoveryNZ Govt - Budget 2009 at a glance – the road to recoveryNZ Govt - Budget puts New Zealand on strong footingNZ Govt - Controlling debt - fact sheetNZ Govt - Setting new priorities frees up $2 billionNZ Govt - Government boosts productive infrastructureNZ Govt - Budget 2009 supports thousands of jobsNZ Govt - Additional $11.7m for financial adviser watchdogNZ Govt - Budget support for fisheries and aquaculture
EducationNZ Govt - $69.7 million for early childhood educationNZ Govt - School broadband given boost in BudgetNZ Govt - Budget focus on frontline funding for schoolsNZ Govt - Budget boost for education prioritiesNZ Govt - Quality investment in tertiary education
WelfareNZ Govt - Budget prioritises social services investmentNZ Govt - Government delivers on NZ Superannuation
HealthNZ Govt - Government delivers on its promises for healthNZ Govt - District Health Boards receive extra $2.1 billionNZ Govt - Health workforce gets budget boostNZ Govt - $60 million funding boost for hospice care
HousingNZ Govt - Boost for warmer, drier, healthier Kiwi homesNZ Govt - Community housing gets $40 million boostNZ Govt - KiwiSaver mortgage diversion to be closed
Law, Order & SecurityNZ Govt - Budget delivers on access to justice promiseNZ Govt - Budget gives $950 million boost for justiceNZ Govt - Funding to boost number of prison bedsNZ Govt - 600 more frontline police confirmedNZ Govt - Probation funding to improve community safetyNZ Govt - More money to fight child abuse image tradeNZ Govt - Budget boosts Defence Force capability
Research, Growth And Innovation FrameworkNZ Govt - Major boost for primary sector innovationNZ Govt - Budget boost supports strong base for science
Art, Culture And SportNZ Govt - $10.5 million extra support for the arts
Trade and Foreign AffairsNZ Govt - Realistic support strengthens NZ diplomacy
Other Stuff - Maori, State Sector, Local GovtNZ Govt - Extra funding to reach Treaty settlement goalNZ Govt - Education, housing, health for Pacific peopleNZ Govt - Budget delivers whanau and economic supportNZ Govt - Government delivers on environmental prioritiesNZ Govt - Funding announced for ACC stock takeNZ Govt - Funding to support voice of community
PRE BUDGET 2009 ANNOUNCEMENTS & REACTION
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 >>
ALSO:Scoop Business - NZ dollar falls as Wall St slips, budget loomsOut-Link - Dim Post Budget Preview
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 >>
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 >>
ALSO:Waitakere City - Waitakere welcomes Budget insulation programmeGreens - Green Screen the BudgetAutex Industries NZ - "Insulation budget" delivers more than warmthTV3 Video - Budget to include home insulation packageTV3 Video - Home insulation announcement causes concern
More Budget News:Labour - Key and English at odds on eve of BudgetLabour - Bennett won’t guarantee funding for over 800 groupsLabour - Sharples planned Budget no-show appallingMaori Party - Horomia has nothing to say on budgetLabour - National’s spin on public services bustedACT - Countdown To The Budget - WelfareNZAAHD - Budget to address youth unemployment?Child Poverty Action Group - Urgent action needed on child poverty in budgetMaxim Institute - This Year’s Budget Needs Band-Aids And VisionAgriculture ITO - Efficient farmers will cope, says ITOLibertarianz Party - Say "No!" to Fiscal Child AbuseLibertarianz Party - Libertarianz Party Alternative BudgetTertiary Ed Union - TEU Tertiary Update Vol 12 No 16Tourism Industry Association - Tourism confident of robust future investmentTV3 Video - Previous budget blundersTV3 Video - Full pre-budget interview with David CunliffeTV3 Video - PM and Finance Minister at odds over budget intentions
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 >>
ALSO:Labour - Davis: Time for Key to deliver for tourismKPMG - Positioning NZ's tax system for challenges aheadNZNO - Nurses Look for Jobs Focus in BudgetCTU - Budget should focus on labour market boostScoop Audio - PM's Presser, Monday 25 May, 2009TV3 Video - Budget at the printers, ready for Thursday's unveilingTV3 Video - How might the budget help single mothers?TV3 Video - Will the budget help out struggling students?
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 >>
ALSO:Salient - The Budget - Cutty Cutting CutsLabour - Budget needs to focus on vulnerable groupsPSA - PSA looks for vision in Budget 09TVNZ - Q+A: Holmes IVs David Cunliffe, Sir Roger DouglasScoop Audio - Radio Adelaide: Manning On The Hikoi + Budget WoesTV3 Video - Will the budget satisfy the ratings agencies?
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 >>
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 >>
ALSO:Labour - Nat’s maternity announcement vague, underwhelmingNZ Medical Association - Changes to Maternity System NeededNZ Nurses Organisation - More maternity funding for new parentsFamilies Commission - Extra Maternity Funding Welcomed By CommissionThe Kiwi Party - Extra maternity care good news for families!NZ College Of Midwives - NZCOM welcomes extra funding for postnatal careNZ Govt - Billion dollar state highway investment confirmedGreens - Government forces Kiwis into carsNZ Govt - Joyce reveals his smoke and mirrors for third timeMalcolm France - People before Profit against Motorways and the ManNZ Govt - Grants to boost New Zealand biodiesel industryLabour - Brownlee’s biodiesel plan a shamBioenergy Association - Biofuels “boost” welcomed
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 >>
ALSO:NZ Govt - Tax exemption encourages oil and gas exploration
- 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 >>
ALSO:Labour - Australian budget lights the way forwardTV3 Video - Deconstructing the Australian budget: What it means for NZ
PRE BUDGET GOVERNMENT RELEASES:
Official Site: Beehive - Pre-Budget Announcements
Speech: Key - Institute of International Affairs$10 million to complete national taser roll outVictims of crime to benefit from $50 offender levyGrants to boost New Zealand biodiesel industrySpeech: Dunne - Institute of Chartered AccountantsMinister acts to bolster court securityPM pledges $50 million in Budget for cyclewayTax exemption encourages oil and gas explorationPrison design funding fast tracked in BudgetFunding boost to encourage oil and gas explorationKey: New Zealand’s Economic ProspectsSchool property projects given a boostBudget 2009: Extra services for eating disordersAid increases as NZAID changes focusSpeech: English - To CEOs and Senior ExecutivesSpeech: Key to Grey Power Annual MeetingGovernment moves on challenges highlighted by OECDBudget to put Govt finances on stronger footing
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