Budget 2016 - Scoop Full Coverage
The 2016 New Zealand Budget will be delivered on Thursday 25 May.
Scoop will be updating this page with Budget announcements, reaction and analysis once the Budget is released at 2pm. Hit reload to see the latest version.
For the latest headlines and reaction see..
For the full text (when released) of the budget see...
For previous budgets see...
BUDGET 2016 - SCOOP COMMENTARY / REPORTS
Budgies, so their Wikipedia page says, are popular pets around the world due to their small size, low cost, and ability
to mimic human speech. Which is a reasonably good description of Finance Minister Bill English eighth Budget. Especially
when it comes to the mimicry bit about providing an adequate response to this country’s social and developmental needs.
In reality, the $1.6 billion of new investment will be spread desperately thinly, and targeted to virtual extinction.
This modest amount will be dwarfed by the $2-3 billion programme of tax cuts that the Prime Minister is mooting for
election year 2017. On past performance, those tax cuts will be frittered away on consumer spending…. and will only
heighten the income inequality exacerbating the social problems that this Budget deliberately fails to address. More>>
The best label for this year’s announcement by Bill English might be the ‘Bare Minimum Budget’. It does the bare
minimum to defuse potential political damage in a range of areas – homelessness and health are prime among them – but
almost nothing to address the country’s most deep-rooted, systemic social problems. Indeed the Budget hints that these
problems may get worse. More>>
Shortly after the embargo lifted at 2pm news organisations started filing reports claiming that health, and to a lesser
extent housing and education, were the ‘big winners’ out of the Budget. It failed to take into account the fact that in
most cases the apparent increases were in fact cuts. Because of the twin effects of inflation and population. More>>
The 2016 budget offered Auckland nothing in the way of vision or hope and it continued the National Government’s
threats against the Auckland Council. Threatening the Council with over-riding its democratic processes if it fails to
release land for housing is a bullying tactic aimed at diverting attention away from the fundamental problems with
housing in the region. More>>
Jonathan Underhill: Finance Minister Bill English has unveiled a rosier set of fiscal projections as the fastest population growth in 40
years drives economic growth and tax revenue, giving him room to spend more on health, law and order, and education
while forecasting fatter surpluses. More>>
BUDGET 2016 - POST BUDGET DAY DEVELOPMENTS
The Nation: Finance Minister blames Auckland Council for housing shortage, saying it is responsible for land, housing and
infrastructure supply in the city, while government provides rental subsidies.
“It is the council's responsibility. That's the deal…”
Also blames Auckland Council for growing homelessness. More>>
“Commentators have overlooked the fact $20.7m of that perceived shortfall is new funding for Battle for our Birds 2016,
provided for in last week’s Budget...” DOC also has approval in principle to carry over a further $20m to 16/17 due to
unexpected delays in a number of projects. More>>
ALSO:Greens - Dependence on corporates puts endangered whales at risk
- Creative accounting can’t hide DOC budget cuts
- Budget cuts continue National’s miserly underfunding of DOC
NZ First - Budget 2016: Conservation Not a Priority
Forest And Bird - Correction: Conservation funding to be clarified
Tourism Industry Aotearoa - TIA dismayed at DOC funding cuts
Federated Mountain Clubs - Trampers disappointed with DOC cuts
NZ Recreation Association - NZRA concerned about lack of recreation investment
Out-Link The Morgan Foundation - Has DOC’s Funding Been Cut?
Image - delayed project Department of Conservation - Mouse blitz team leaves for Antipodes
Today Prime Minister John Key summarised last week’s budget and provided further detail about his upcoming trip to
Fiji. He said that there has been “plenty going on” in the last couple of weeks and emphasised the need for Auckland
council to facilitate more housing supply. More>>
BUDGET 2016 - THE REACTION - FULL COVERAGE
BUDGET 2016 - THE PRESS KIT
(Note see also pre-budget announcements below)
English On The Budget: Investing In A Growing Economy
Budget 2016 invests in a growing economy with significant new funding for innovation, infrastructure, the health sector
and the most vulnerable New Zealanders while still managing the finances tightly and repaying debt, Finance Minister
Bill English says. More>>
BUDGET 2016 PREVIEWS & REACTION
A man was taken into custody after an incident on Parliament grounds this morning. And this afternoon police were
called to a second incident near the rear of Parliament. More>>
Fonterra Cooperative Group raised its forecast farmgate milk payout for next season by less than expected as the
world's largest dairy exporter predicts lower prices will crimp production and supply will pick up. The New Zealand
dollar fell. More>>
NZNO: “The nursing team has been doing more with less for years. It’s getting to the point that we’re really worried about
our colleagues, our patients, our jobs and the level of health care available for people in our country." More>>
The Treasury is likely to upgrade its forecasts for economic growth in Budget 2016 next week but Finance Minister Bill
English has already signalled that more of his focus is on debt repayment than on fiscal stimulus or tax cuts... More>>
Seven new schools will join the eight Partnership Schools already open, along with further new schools opening in 2017.
“The growth of this policy is a reflection of the high level of interest from educators and community leaders,” Mr
Seymour says. More>>
The Prime Minister said that the pre-budget announcements showed that his Government is “investing in a growing
economy”. He re-affirmed the National Government’s commitment to lowering personal tax rates but that any such change
must fit with the fiscal reality of the time. More>>
In his traditional pre-Budget speech to the Wellington Chamber of Commerce, English said the government would
prioritise repaying government debt over new spending and tax cuts in the next five years.In his traditional pre-Budget
speech to the Wellington Chamber of Commerce, English said the government would prioritise repaying government debt over
new spending and tax cuts in the next five years. More>>
For the first time, the Government will pay for about 3000 emergency housing places across the country per year so
people have access to a roof over their head when they need it most. More>>
The New Zealand government posted a budget surplus in the first nine months of the financial year, against a Treasury
forecast for a deficit, reflecting tax revenue that rose faster than Crown expenses. More>>
The largest pest control operation in New Zealand’s history will be launched this winter in response to a pest plague
which threatens vulnerable native wildlife, Conservation Minister Maggie Barry says. More>>
Is this any way to run a health system… whereby terminally ill patients are forced into public demonstrations before
the government (and its funding agency Pharmac) will grudgingly provide the money for life-saving treatments freely
available and publically funded in Australia for the best part of a year? More>>
John Key told the country's first ever Cyber Security Summit in Auckland that the government had earmarked funding set
up a national Computer Emergency Response Team to help prevent and act on cyber incidents in partnership with the
private sector and other organisations. More>>
• Provisional tax is being reformed, with a new pay-as-you-go option giving up to 110,000 small businesses a way to pay
tax as they earn income from 1 April 2018.
• Use-of-money interest will be eliminated or reduced for the vast majority of taxpayers... More>>