Report by NewsroomPlus.com
For Budget Day we have a one-stop page for releases at http://newsroom.co.nz/categories/budget
Today’s edition of NewsRoom_Digest features 2 resourceful links of the day and the politics pulse from Thursday 26th of May. It is best viewed on a desktop screen.
Noteworthy stories in the current news cycle include: the Finance Minister Bill English delivering his seventh Budget at Parliament; dairy giant Fonterra announcing an increased milk solid price of $4.25 per kg, slightly below the $4.50 – $4.80 analysts predicted for the upcoming season; and the country’s power grid operator, Transpower predicting a massive shake-up in the electricity sector, including the failure of some line companies.
Government: Housing momentum to be maintained; Criminals hit by billion-dollar hole in pocket; Bowel screening programme roll-out; $36m for warmer, healthier homes;Health investment increases to a record $16.1b;$2.1b investment in public infrastructure; $652.1m Social Investment for vulnerable NZers;Govt books show rising surpluses, falling debt;Govt books show rising surpluses, falling debt;Budget 2016: Overview;Investing in a growing economy;Budget supports growing economy;ETS one-for-two subsidy to be phased out$882.5m investment in school property; $96m for legal aid and community law centres;Government invests in New Zealand’s security;$258m to boost social housing; $208m investment boost for Justice;$357.9m invested in key transport projects;Annual education investment to exceed $11b; Budget 2016: $32m extra for Bay of Plenty DHB; $100m boost to develop Auckland housing;Extra support for most at-risk students;New $100m fund to improve water quality; Financial help boosted for low-income earners; $111.5m to support NZers into employment; $347.8m for care and protection of young people; $299.2m in additional funding for Police; $16m new funding to tackle wilding conifers; Extra $19.7m for Crown prosecutions;Minister supporting Greater Christchurch Regeneration;$69.8m towards eliminating bovine TB;Defence Force receives $300.9m new funding;$761.4m for an Innovative New Zealand; Additional Budget support for Pacific peoples; Tobacco excise to rise 10 per cent per annum; $857m to deliver a modern tax system; $11.6m new funding for the arts; $49m to strengthen Whānau-centred services;Extra $6.2m to increase Civil Defence capability; Low-risk travellers streamlined at the border; SPEECH: Hekia Parata – Shifting the Levers of Education
ACT Party: The biggest thing that’s not in the Budget;Budget 2016 splashes out on fat corporate welfare cheques; Budget increases taxes on those in need
Greens: Will National’s eighth budget finally show some vision today?; Green Party Co-leader James Shaw’s 2016 Budget Speech: Time to change the Government; Budget cuts continue National’s miserly underfunding of DOC; Shock school funding freeze means parents pay more
Labour:Fall in Police investigations funding must be fixed; Minister won’t fess up on wrong figures; Labour Bill Would Back Kiwi Jobs;John Key fails middle New Zealand with no fix for housing crisis, more underfunding of health;Sticking Plaster Budget fails the test
Māori Party: $40m boost for Whānau Ora;$4m for extending micro-financing;$17.9m to support Māori landowners;$5m to promote Māori voter participation; Māori Party Continues To Support Housing Solutions; $34.6m to support te reo Māori revival; $4m to commemorate New Zealand Wars
New Zealand First:Bennett Resettles Homeless In Jobless Towns;Address in Reply: Budget 2016;National tells many NZers to ‘get stuffed’; Budget 2016: Bowel Screening Programme Far Too Little, Far Too Late
NZ National Party:Budget 2016 a big boost for Technology Valley
United Future Party:Dunne calls for 52 weeks of parental leave; More Funding For Intelligence Services Must Come At A Price; A Boring Budget That Identifies The Right Targets
LINKS OF THE DAY
BUDGET 2016: Budget for the Government of New Zealand was announced today.More details at:http://www.treasury.govt.nz/budget/2016
RBNZ LIQUIDITY MANAGEMENT: The Reserve Bank today published a Bulletin article that explains how the Bank manages liquidity in the banking system. Effective management of liquidity plays a crucial role in New Zealand’s banking system. Read more: http://www.rbnz.govt.nz/research-and-publications/reserve-bank-bulletin/2016/rbb2016-79-09
And that’s our sampling of “news you can use” for Thursday 26th of May.