Article – The Scoop Team

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.

Budget 2016 – Scoop Full Coverage

Parliament Live – LIVE Video Of Budget 2016 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.

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For the latest headlines and reaction see..
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RELATED LINKS:
For the full text (when released) of the budget see…
TREASURY BUDGET 2016 WEBSITE
See also the BEEHIVE BUDGET PAGE

For previous budgets see…
BUDGET 2015BUDGET 2014BUDGET 2013BUDGET 2012BUDGET 2011BUDGET 2010BUDGET 2009BUDGET 2008BUDGET 2007BUDGET 2007BUDGET 2006BUDGET 2005BUDGET 2004BUDGET 2003BUDGET 2002BUDGET 2001 & BUDGET 2000

BUDGET 2016 PREVIEWS & REACTION

Parliament Today:

Government Pre-Budget Announcements:

Other Parties’ Wish Lists:

Elsewhere:

Economic Omens: Fonterra’s 2017 Opening Forecast Below Expectations

Fonterra Cooperative Group raised its forecast farmgate milk payout for next season by less than expected as the world’s largest dairy exporter predicts lower prices will crimp production and supply will pick up. The New Zealand dollar fell. More>>

ALSO:

Budget: Health Funding Must Keep Up With Need

NZNO: “The nursing team has been doing more with less for years. It’s getting to the point that we’re really worried about our colleagues, our patients, our jobs and the level of health care available for people in our country.” More>>

ALSO:

Pre-Budget: Debt Focus Risks Losing Opportunity To Stoke Economy

The Treasury is likely to upgrade its forecasts for economic growth in Budget 2016 next week but Finance Minister Bill English has already signalled that more of his focus is on debt repayment than on fiscal stimulus or tax cuts… More>>

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Budget 2016: More Partnership Schools To Open

Seven new schools will join the eight Partnership Schools already open, along with further new schools opening in 2017. “The growth of this policy is a reflection of the high level of interest from educators and community leaders,” Mr Seymour says. More>>

ALSO:

Houses And Taxes: Post-Cabinet, Pre-Budget Press Conference

The Prime Minister said that the pre-budget announcements showed that his Government is “investing in a growing economy”. He re-affirmed the National Government’s commitment to lowering personal tax rates but that any such change must fit with the fiscal reality of the time. More>>

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Budget: English Takes Election Year Tax Cuts Off The Table
In his traditional pre-Budget speech to the Wellington Chamber of Commerce, English said the government would prioritise repaying government debt over new spending and tax cuts in the next five years.In his traditional pre-Budget speech to the Wellington Chamber of Commerce, English said the government would prioritise repaying government debt over new spending and tax cuts in the next five years. More>>

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BUT:

Budget 2016: 3000 Emergency Housing Places Funded
For the first time, the Government will pay for about 3000 emergency housing places across the country per year so people have access to a roof over their head when they need it most. More>>

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Crown Accounts: NZ Govt Posts Surprise Budget Surplus In First 9 Months
The New Zealand government posted a budget surplus in the first nine months of the financial year, against a Treasury forecast for a deficit, reflecting tax revenue that rose faster than Crown expenses. More>>

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Budget 2016: Battle For Our Birds Catches $20.7Mil
The largest pest control operation in New Zealand’s history will be launched this winter in response to a pest plague which threatens vulnerable native wildlife, Conservation Minister Maggie Barry says. More>>

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Gordon Campbell: On Pharmac’s Grudging Concession To Reality
Is this any way to run a health system… whereby terminally ill patients are forced into public demonstrations before the government (and its funding agency Pharmac) will grudgingly provide the money for life-saving treatments freely available and publically funded in Australia for the best part of a year? More>>

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Pre-Budget: Computer Emergency Response Team, Assemble!
John Key told the country’s first ever Cyber Security Summit in Auckland that the government had earmarked funding set up a national Computer Emergency Response Team to help prevent and act on cyber incidents in partnership with the private sector and other organisations. More>>

ALSO:

Pay As You Go: Budget Plans For Business Tax
• Provisional tax is being reformed, with a new pay-as-you-go option giving up to 110,000 small businesses a way to pay tax as they earn income from 1 April 2018.
• Use-of-money interest will be eliminated or reduced for the vast majority of taxpayers… More>>

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<!– BUDGET 2016 – SCOOP COMMENTARY / REPORTS

BusinessDesk Coverage

Parliament Today Coverage

<!– Weekend Interviews: –>

<!– BUDGET 2016 – POST BUDGET DAY DEVELOPMENTS –>

<!– BUDGET 2016 – THE REACTION – FULL COVERAGE

BUDGET DEBATE SPEECHES – AS PREPARED

Parliamentary Reaction:

Government/National

    Labour

    Greens

      NZ First

        The Maori Party

          ACT

            United Future

              Non Parliamentary Political Reaction:

                Health Sector Reaction:

                  Education Sector Reaction:

                    Union Reaction:

                      Global Markets/Futures

                        Banking and Finance

                          Welfare/Poverty Sector Reaction

                            Accountants & Analysis

                              Business Reaction

                                Other Reaction

                                  BUDGET 2016 – THE PRESS KIT
                                  (Note see also pre-budget announcements below)

                                  The Budget Speech

                                    Coalition Leaders’ Statements

                                    Executive Summaries

                                    Fact Sheets

                                    Infrastructure

                                    Maori

                                    Education

                                    Welfare

                                    Health

                                    Housing

                                    Law, Order, Defence & Security

                                    Research, Growth And Innovation

                                    Art, Culture And Sport

                                    Trade and Foreign Affairs

                                    Canterbury Rebuild

                                    Other Stuff – RMA, Business Number, Kiwis and Animal Welfare –>

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