Budget 2018 - Scoop Full Coverage
The 2018 New Zealand Budget will be delivered on Thursday 17 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...
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BUDGET 2018 - SCOOP COMMENTARY / REPORTS
To put it mildly, Budget 2018 has not been an outbreak of wild-eyed, tax and spend liberalism. “Unfortunately not,”
says CTU economist Bill Rosenberg agrees laconically. “But what you're seeing and within the constraints [the
government] have set themselves, ... More>>
The Government’s 2018 budget is the result of a balancing act between the demands of a sulking yet powerful corporate
sector and a civil society shattered, bedraggled and desperate for change. The light on the horizon is the announcement
of the Government’s wellbeing budget approach for the 2019 budget. More>>
Even the title of this budget 'Foundations for the future' sounds conservative. It may as well have been called 'don’t
expect too much now'. A bit like Hamilton 'City of the Future' not so great now but wait a few years. What is clear is
that it’s all about the long game here with an eye to 2020 and re-election. This first budget by Jacinda Ardern’s
Government is more or less playing it safe. More>>
The government will extend free doctors visits' and prescriptions to under-14s and also make visits cheaper for people
eligible for a Community Services Card. However, ahead of the election Labour promised to slash the cost of doctors'
visits for everybody by $10 by July, but since conceded it wouldn't meet that goal. More>>
Finance Minister Grant Robertson has found an extra $24 billion to spend over the next four years by taking in more
tax, reprioritising existing expenses, and thanks to delaying the previous government's debt reduction target ... More>>
Finance minister Grant Robertson had to achieve two contradictory aims when he announced the budget today: correct
“nine years of neglect”, especially in health and education, and also produce a surplus and pay off public debt.
He has more or less succeeded, partly thanks to a reasonably buoyant economy and greater than expected revenue, for
which the opposition is still taking credit. Nonetheless, this is a government that is still pinching itself to check
that it’s actually in office, not dreaming it, and that carries a huge load of expectations and promises. More>>
New Zealand’s Labour-led coalition government used its first budget to drive step changes in social and environmental
outcomes. The investment approach to public policy has become the new orthodoxy for governance.
The investment approach can be defined as using evidence to quantify a public problem and then fund interventions that
are likely to improve outcomes and therefore reduce future costs to government. More>>
BUDGET 2018 - THE REACTION - FULL COVERAGE
"Well, I’m certainly thanking the businesses and workers of New Zealand who’ve contributed to building up the economy
over recent years, and, look, yes, New Zealand’s economic growth relative to the rest of the world has been solid. The
issue that I think we all fought the last election campaign on was the distribution of the benefits of that growth —
have we actually kept up with funding our public services...?" More>>
Finance Minister Grant Robertson is considering a fund to front foot an increasing number of bio security issues like
the bacterial infection to cattle, mycoplasma bovis. More>>
BUDGET 2018 - POST BUDGET DAY DEVELOPMENTS
At her first post-budget post-cabinet press conference Prime Minister Jacinda Ardern gave an update on the response to
the spread of Mycoplasma bovis in New Zealand cattle. More>>
PPTA: “There is a wave of teachers about to retire and I’m embarrassed to say that we have reached the point where we are
begging them to stay on… Young graduates no longer want to enter the profession, the pay is far too low compared to what
they earn in other careers and, of the new teachers who do enter the profession, nearly half burn out and leave within
five years.” More>>
Finance Minister Grant Robertson announced 600 new prison beds to be built in modular units by the end of next year,
but would not say whether the extension of Waikeria Prison would go ahead. More>>
Lockup speech audio and questions:
Click a link to play audio (or right-click to download) in either
The Budget Speech
BUDGET 2018 PREVIEWS & REACTION