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Budget 2017 - Scoop Full Coverage

Thursday, 25 May 2017, 9:44 am
Article: Scoop Full Coverage

Budget 2017 - Scoop Full Coverage

Parliament Live - LIVE Video Of Budget 2017 from 2pm

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.

CLICK TO JUMP TO SCOOP BUDGET COMMENTARY AND REPORTS
CLICK TO JUMP TO THE BUDGET PRESS RELEASES & LOCKUP VIDEO
CLICK TO JUMP TO BUDGET REACTION
CLICK TO JUMP TO BUDGET PREVIEWS

For the latest headlines and reaction see..
PARLIAMENT WIRE..., POLITICS WIRE..., BUSINESS WIRE..., EDUCATION WIRE..., HEALTH WIRE...
Or Search Scoop for "Budget"
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RELATED LINKS:
For the full text (when released) of the budget see...
TREASURY BUDGET 2017 WEBSITE
See also the BEEHIVE BUDGET PAGE

For previous budgets see...
BUDGET 2016 - BUDGET 2015 - 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

BUDGET 2017 - SCOOP COMMENTARY / REPORTS
Gordon Campbell: On Yesterday’s Budget

It may seem like Oliver to be so bold as to ask the Finance Minister for more gruel – but what the Dickens, Steven Joyce… is this Budget really as good as it gets?

Supposedly, the public was going to receive significant rewards – an election year lolly scramble no less – for the eight years of belt tightening that they’ve endured, and for the rundown of essential public services.

Well, what Budget 2017 delivered instead in Education and in Health were allocations barely sufficient to maintain the current levels of service delivery More>>

Businessdesk: Budget Spends Down Future Surpluses

Tax cuts for every working New Zealander, targeted to low and middle income earners, more generous assistance for families and renters, and a massive spend-up on public services infrastructure mark Finance Minister Steven Joyce’s election year Budget.

The package of changes to income tax thresholds, the Working for Families programme, and the Accommodation Supplement is the Budget’s political centrepiece and will cost $2 billion a year. More>>
ALSO:

Budget Urgency: Not Much Budget Urgency The House has gone into Urgency to deal with two pieces of legislation. • the first reading and referral to select committee of the Care and Support Workers (Pay Equity) Settlement Bill • the introduction and passing of the Taxation (Budget Measures: Family Incomes Package) Bill More>>

ALSO:

BUDGET 2017 - THE REACTION - FULL COVERAGE

Weekend Interviews:

The Nation: Alan Johnson And Bill Rosenberg

Alan Johnson from the Salvation Army says tax changes in the budget benefit higher paid people more than lower paid... Both Johnson and CTU economist Bill Rosenberg say the increase in the accommodation supplement will lead to rent rises. More>>
ALSO:

Q+A: Steven Joyce Interviewed By Jessica Mutch

Mr Joyce said the election on September 23 did not play a part in designing his budget. “I know the election’s coming up, but I’m strongly of the view that, that actually, you don’t change your approach just because it’s election year.” More>>
ALSO:

BUDGET 2017 - POST BUDGET DAY DEVELOPMENTS

PM's Press Conference: Businesses Over-Egg The Power Of Corporate Tax Cuts

Cutting New Zealand's 28 percent corporate tax rate is "not a panacea in the way business groups sometimes market it," says Prime Minister Bill English.

Responding to criticisms from the business community that the Budget had ignored the trend in other developed economies for lower corporate tax rates, English said New Zealand's was an unusually "comprehensive, fair" tax system. More>>

ALSO:

Government/National

Labour

Greens

NZ First

The Maori Party

ACT

United Future

Non-Parliamentary Political Reaction:

Health Sector Reaction:

Education Sector Reaction:

Science and Tech Sector Reaction:

Union Reaction:

Welfare/Poverty Sector Reaction

Finance, Tax & Analysis:

Business Reaction

Environment

Other Reaction

BUDGET 2017 - THE PRESS KIT
(Note see also pre-budget announcements below)

Lockup speech video:

Lockup speech audio:

Click a link to play audio (or right-click to download) in either
MP3 format or in OGG format.

The Budget Speech

Summaries

Infrastructure & Economy

Tax

Maori

Education

Welfare

Health

Housing

Law, Order, Defence & Security

Art, Culture And Sport

Trade and Foreign Affairs

    Earthquake Rebuild(s)

    Environment

    Other Stuff

    BUDGET 2017 PREVIEWS & REACTION

    Government Pre-Budget Announcements:

    Pre-Budget Offers: Green Party’s New Plan Puts Kiwi Families First

    The Green Party has a plan to help all Kiwi kids have a great start to life, by giving parents more financial support and more flexibility at work. More>>
    ALSO:

    Budget: Irrigate (Good Times, Come On!)

    Additional grant funding of $26.7 million over the next three years plus a capital boost of $63 million towards irrigation investments in Budget 2017 will deliver economic and environmental benefits through better use of water... More>>
    ALSO:

    TRENZ: $178m Budget Package For Tourism Infrastructure
    Tourism Minister Paula Bennett has today announced a new $102 million Tourism Infrastructure Fund which has been launched alongside $76 million in new funding for our most important tourism asset, the DOC Estate. More>>
    ALSO:

    Budget: Funding Boost For New Zealand’s Heritage
    Internal Affairs Minister Peter Dunne today announced funding of $8 million of operating funding over the next two years and $2.1 million of capital funding in the next year in Budget 2017 to safeguard New Zealand’s heritage collections and record of Government. More>>
    ALSO:

    Budget: Double Crewing For Road Ambulance
    Budget 2017 invests an additional $59.2 million over four years to ensure all road ambulance call outs are double crewed.. More>>
    ALSO:

    Opposed To Surpluses: ACT’s Tax Cut Plan
    “ACT’s fundamental belief is that the Government should spend less of your money. The Government is currently forecasting fat surpluses. This excess revenue should be returned to the taxpayer that earned it. More>>
    ALSO:

    Crown Accounts: Increased Taxes, Lower Spend Helps Swell Government Coffers

    Increased revenue from taxes and lower expenses boosted the government's operating surplus above its forecasts in the first nine months of the financial year. More>>
    ALSO:

    Budget 2017: $76m For DOC Tourism Infrastructure
    The Government will invest $76 million through Budget 2017 on new and upgraded tourism infrastructure for the Department of Conservation as part of a $178 million tourism infrastructure package, Conservation Minister Maggie Barry says. More>>
    ALSO:

    Budget 2017: $74.6m To Further Grow Business R&D
    Paul Goldsmith has today announced an additional $74.6 million in Budget 2017 to meet the growing demand for Callaghan Innovation’s research and development (R&D) Growth Grants. More>>
    ALSO:

    PM's Press Conference: Myrtle Rust, Australia, And Foreign Affairs
    Prime Minister Bill English smiled as he opened today’s press conference saying there are only just over two weeks until the government will announce their budget. He quickly outlined some of the budget announcements already made then went on to answer questions. More>>
    ALSO:

    Budget 2017: $27m For Marae And Māori Housing
    “Our marae are the glue that binds us together, anchoring us in one place and helping shape who we are. As we have seen recently with the Kaikōura earthquake and the Edgecumbe flood, they also step up to the plate in the times of need,” says Mr Flavell. More>>
    ALSO:

    Budget 2017: $60 Million More For Pharmac
    “On top of the Government’s extra $20 million next year, a further $11 million will be injected into Pharmac’s annual budget by DHBs." More>>
    ALSO:

    Lyndon Hood: The Social Investment Model, Explained
    As Chairman-at-large of the National Committee for Ideas that Sounded Good at the Time, I get asked a lot about this social investment strategy lark... More>>
    ALSO:

    $321m For 'Social Investment': Bill English Pre-Budget Speech
    "...That growing economy gives us options. Improving public services, building infrastructure, and solving social problems is possible only because we’ve enjoyed sustained, solid economic growth." More>>
    ALSO:

    PM's Press Conference 01/05/17: Pike River Mine Video
    Today Prime Minister Bill English announced the Government are putting the finishing touches on the budget, highlighting growth and spending on infrastructure... Questions around the Pike River Mine incident dominated. More>>
    ALSO:

    $11bn Capital Spend, New Debt Target: Steven Joyce On Budget Priorities
    First, delivering better public services for a growing country – providing all New Zealanders with the opportunity to lead successful independent lives... And finally, we remain committed to reducing the tax burden and in particular the impact of marginal tax rates on lower and middle income earners, when we have the room to do so. More>>
    ALSO:

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