The Taxpayers Union was unlikely to see much merit in the Wellbeing Budget and has issued a bundle of statements to complain –
- The Government’s ‘wellbeing’ focus is just an excuse for billions of dollars of poorly-targeted spending (here),
- Between 2018 and 2021, social security and welfare spending is expected to sky-rocket from $26 billion to $32.4 billion a year, a 25 percent increase in just three years. (here). “Fiscal discipline has been jettisoned in favour of a classic Labour welfare spend-up.”
- Pouring another billion dollars into KiwiRail shows terrible business acumen (here). “As a State Owned Enterprise, KiwiRail is required to be as profitable as possible, yet it has never paid a single cent in dividends to the Government – despite receiving more than $5 billion of Government funding since 2008. Pouring an additional billion dollars into KiwiRail will not change reality – KiwiRail will never be a profitable company.”
- Race-based spending initiatives announced in the Wellbeing-Budget (such as an extra $80 million for Whanau Ora) will lead to wasteful and unfair outcomes (here). Taxpayers’ Union spokesman Louis Houlbrooke says many Maori and Pasifika spending initiatives are either vague or over-ambitious. For example, “why is the Government spending taxpayer money to ‘strengthen personal identity and connection to the community’? Is it even capable of achieving that?”
- With business investment growth expected to fall from 6.8 percent in 2018 to 0.7 percent in 2019, the Government needs to reconsider its economic strategy (here). “Tax cuts for businesses and individuals would be a great start.”
But The Maori Council’s disappointment that Maori have been short-changed can be found in their post-Budget statement, headed Government has failed Maori across the board.