INDEPENDENT NEWS

Wellbeing to be enshrined in law

Published: Wed 11 Sep 2019 02:24 PM
Hon Grant Robertson
Minister of Finance
11 September 2019 PĀNUI PĀPĀHO
MEDIA STATEMENT
Legislation has been introduced in Parliament today to ensure every Government considers the wellbeing of New Zealanders when creating future budgets.
Finance Minister Grant Robertson says the successful delivery of the Wellbeing Budget this year placed wellbeing at the heart of the Government’s policy-making.
“However, achieving genuine and enduring change requires establishing a public sector and systems geared towards this new way of working.
“Rather than measuring progress in purely economic terms, this Government is committed to taking a broader approach to measuring New Zealand’s progress.
“This includes fiscal policy, where we want to consider the wellbeing of our environment, people and communities, alongside existing macroeconomic and fiscal indicators,” Grant Robertson says.
The Public Finance (Wellbeing) Amendment Bill achieves this by requiring the Government to set wellbeing objectives and explain how those objectives will guide the development of its Budget.
It will also require the Treasury to report periodically on the state of wellbeing in New Zealand.
“We need to support long-term intergenerational wellbeing and a build a more forward-looking, strategic focus into our Budget process.
“We will always have a careful and close eye on our fiscal performance, but New Zealanders have told us that that is not sufficient.
“We’ll keep the strengths of our current statutory fiscal requirements, and build on these with a wider framework.
“A Budget needs to reflect the importance of the health of our people, our environment, and our communities, and that is what this Bill will do,” Grant Robertson says.
The changes are expected to be in place for Budget 2020.
ends

Next in New Zealand politics

Kaikōura $10.88 million boost in tourism & business
By: New Zealand Government
Plans to protect the future of whitebaiting announced
By: New Zealand Government
New resource for schools on climate change
By: New Zealand Government
Regulations pave way for quality medicinal cannabis
By: New Zealand Government
New Year Honours: Sporting greats among knights and dames
By: RNZ
Gordon Campbell on a White Island inquiry
By: Gordon Campbell
$10.98 million of PGF funding announced
By: Kaikoura District Council
Proposed whitebait rules are pitiful, won’t save native fish
By: Forest And Bird
Whitebait rules needed to save fish from extinction
By: Forest And Bird
Fisheries management helps prevent overfishing - Reaction
By: Science Media Centre
Whitebaiters set to lose thousands on stands
By: New Zealand National Party
Government attempting to ban whitebaiting
By: New Zealand National Party
2019 NZ's fourth warmest year on record - Expert Reaction
By: Science Media Centre
Simplistic climate change lessons counterproductive
By: Federated Farmers
Climate change curriculum
By: Taxpayers' Union
View as: DESKTOP | MOBILEWe're in BETA! Send Feedback © Scoop Media