Buzz from the Beehive – it’s all about the Budget and billions being disbursed to buck us up in the wellbeing department

No, we haven’t fully analysed Budget 2022, but we did listen to Finance Minister Grant Robertson’s speech.

He took great pride in announcing his fifth Budget invests $5.9 billion a year in net new operating spending, while introducing multi-year funding packages that also draw from Budget 2023 and Budget 2024 operating allowances.

The government is investing $2.9 billion from the Climate Emergency Response Fund to meet its Emissions Reduction Plan and lay the foundations for the long-term transition to a low-emissions, high-wage economy.

And it is supporting New Zealanders “to meet the rising cost of living caused by global inflation pressures” through a targeted package of support focusing on low- and middle-income New Zealanders, including a short-term Cost of Living Payment for around 2.1 million people.

Interesting language.  He talks of problems caused by “global” inflation pressures.

Perhaps we missed the money he is providing to help us meet the rising cost of living caused by domestic inflation pressures.

But when it comes to the grand total, Treasury tables show total Crown expenses (excluding losses) are reckoned to be $154.9 billion in 2021/22 (to June 30), rising to $158.5 billion in 2022/23 and $163.5 billion in 2023/24.

Accompanying the speech was a flow of press statements from ministers keen to let the voting public know what slice of the cake they would be serving to stakeholders (to use the parlance of the spin doctors) in their various portfolios…

LATEST FROM THE BEEHIVE

The speeches…

20 MAY 2022

Andrew Little Budget 2022 post-Budget health speech, Auckland, 20 May 2022

Morena tatou katoa. Kua tae mai i runga i te kaupapa o te rā.

19 MAY 2022

Prime Minister: Wellbeing Budget 2022 speech

Navigating difficult times, while also making necessary progress. Dealing with the unexpected, and always, always planning for the future. Challenges not least of which include a one in 100 year health crisis, followed by the biggest economic shock since the Great Depression. And just as the world was recovering, it’s been plunged into the uncertainty of war.

Minister of Finance: Wellbeing Budget 2022 Speech

It is my great pleasure to present New Zealand’s fourth Wellbeing Budget.

… and the press statements

19 MAY 2022

Govt helps supermarket shoppers get a fair deal

Urgent Budget night legislation to stop major supermarkets blocking competitors from accessing land for new stores has been introduced today.

Future resource management system implementation funding

Budget 2022 provides funding to implement the new resource management system, building on progress made since the reform was announced just over a year ago.

Funding certainty for quality public media

The Government is substantially increasing the amount of funding for public media to ensure New Zealanders can

Funding boost secures Defence capabilities

Budget 2022 sees significant resources made available for the Defence Force to maintain existing defence capabilities as it looks to the future delivery of these new investments.

Budget 2022 supports resilient and sustainable cultural sector

The Government is investing in a thriving, adaptive and enduring arts, culture and heritage sector through Budget 2022.

Coronial delays addressed by Budget 2022

Budget 2022 delivers a package of investment to improve the coronial system and reduce delays for grieving families and whānau.

Paving the way for better outcomes for disabled people

“Budget 2022 demonstrates the Government’s commitment to deliver change for the disability community with the establishment of a new ministry,” Minister for Disability Issues Carmel Sepuloni said.

Investing in education so all Kiwis can succeed

Four major milestones in the Government’s reform of the education system will give every New Zealander the best chance to succeed, Education Minister Chris Hipkins announced today.

Primary sector backed to grow and innovate

The Government is backing new integrated advisory services for farmers, foresters, and growers, supporting innovation and strengthening the animal welfare system.

More support for first home buyers and renters

Budget 2022 sees more New Zealanders able to access support to get into their first home because of changes to First Home Grants and First Home Loans.

Budget lifts up to 14,000 children out of poverty

Budget 2022 takes further action to reduce child poverty and make New Zealand the best place in the world to be a child.

A booster for RNA research and development

Researchers and businesses working in the rapidly developing field of RNA technology will benefit from a new research and development platform, funded in Budget 2022.

Unleashing business potential across NZ

A new fund to improve access to finance for small and medium businesses is included in a package of Budget 2022 initiatives to drive economic security, innovation, and low-emissions growth.

Securing the wellbeing of Pacific communities

Budget 2022 further strengthens the economic foundations and wellbeing outcomes for Pacific peoples in Aotearoa, as the recovery from COVID-19 continues.

Government delivers timely support for whānau

Budget 2022’s investment in whānau Māori will lead to economic security for all of Aotearoa.

Government delivers critical infrastructure

Increased infrastructure investment will continue to play a critical part in securing New Zealand’s recovery from COVID-19.

A health system that takes care of Māori

Budget 2022 invests in resetting our health system and gives economic security in good times and in bad.

Investing in better health services

Budget 2022 gives doctors, nurses and other health professionals working in our public health system the resources they need to get on with the job of looking after patients.

A Secure Future for New Zealanders’ health

Budget 2022 provides secure funding for the future of New Zealand’s health system so every New Zealander can have access to the healthcare they need, no matter where they live.

Cost of living package eases impact on households – 2.1 million Kiwis to get new targeted payment

A Budget 2022 cost of living package will help New Zealanders through the peak of the global inflation storm, with an estimated 2.1 million people aged 18 and over eligible for an extra $27 per week over a three month period.

Budget highlights underlying strength of economy in face of global headwinds

A strong economy and successful response to the pandemic has given New Zealand a solid base to accelerate the recovery and create a high wage, low carbon economy.

Budget 2022: A secure future in difficult times

Budget 2022 will help build a high wage, low emissions economy that provides greater economic security, while providing support to households affected by cost of living pressures.

2 thoughts on “Buzz from the Beehive – it’s all about the Budget and billions being disbursed to buck us up in the wellbeing department

  1. The government is not “investing” $32.9 billion in Climate Emergency Response Fund to meet its Emissions Reduction Plan: it is spending and wasting $2.9 billion on egos and fake science.

    Liked by 2 people

  2. All this budget does is add fuel to the inflationary fire. It is irresponsible and will only aggravate the cost of living crisis. This is going to be a very hard winter for those kiwis who choose to stay here. The rest will spend their $350 helicopter payment on a one-way ticket to Australia.

    Liked by 1 person

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.