Budget 2016: at a glance
Finance Minister Bill English delivered the National-led government’s eighth Budget in Wellington on Thursday, May 26. The Budget talks about investing in a growing economy while ensuring continuing support to families and the most vulnerable people who need it the most.
“New Zealand’s economy is performing well and we’re on track for annual growth of around three per cent over the next few years. We’re also on track for growing surpluses and falling debt,” said Mr English.
“That’s thanks to the National-led government’s clear economic plan and responsible management of the books.Budget 2016 is about building on that good progress.”
The main highlights of budget 2016 are as follows:
HEALTH
An additional $2.2 billion for health to help pay for more lifesaving drugs, more elective surgeries, more disability support services, and to start the roll-out of a national bowel screening programme
INFRASTRUCTURE
A $2.1 billion public infrastructure package to invest in building new roads, schools and classrooms, and to support our thriving tourism sector.School infrastructure is a key part of the package. The $882.5 million investment will deliver 480 new classrooms, nine new schools, two school expansions as well as the relocation and rebuilding of three schools and a Kura. This includes $168.5 million for the Christchurch schools rebuild programme, which is now in its third year and has completed six schools, with a further eight under construction. A core part of the package focuses on growth and provides $270.6 million of new capital funding and $80.3 million of new operating funding over the next four years.
INNOVATION AND SCIENCE
$761 million for an Innovative New Zealand package, which invests in science, skills, and regional economic development initiatives to help grow and diversify the economy.
SOCIAL INVESTMENT
$652 million for a Social Investment package to help drive changes to help improve the lives of the most vulnerable New Zealanders.The package, which provides $641.6 million of operating funding over the next four years and $10.5 million of capital, includes additional support for vulnerable children as well as initiatives in corrections, education and health.
SOCIAL HOUSING
Budget 2016 invests $258 million to ensure people most in need of social housing have access to this essential service. Over the four years the package will include $200 million for more social housing places in Auckland, costs related to redeveloping social houses in Tamaki and for increased Income Related Rent Subsidy payments because of higher rents; $41.1 million for emergency housing and a new Special Needs Grant; $7.5 million in new operating funding to manage social housing transfers to community housing providers and $3.7 million in 2016/17 for the Ministry of Social Development’s housing unit and the Auckland social housing team.
HOUSING
$36 million to ensure more New Zealand families live in warmer, drier and healthier homes. The investment includes $18 million of operating funding over two years to extend the Warm Up New Zealand programme to insulate rental houses occupied by low-income tenants, particularly those with high health needs, and $18 million over four years to expand the Healthy Homes Initiative to reduce preventable illnesses among young children (newborns to five-year-olds) who are living in cold, damp and unhealthy homes
EDUCATION
Additional investment in early childhood education, children with special needs, and new schools and classrooms takes annual education spending above $11 billion for the first time. This includes $640.5 million of operating funding over the next four years, plus $75.1 million in 2015/16 and $727.3 million in capital. Key spending includes an extra $396.9 million over the next four years, plus $39.2 million in 2015/16, for ECE. By 2019/20, this will provide funding for a further 14,000 children; $43.2 million over the next four years for schools educating students most at risk of educational under-achievement and $42.1 million over the next four years for students with high and special educational needs.
CIVIL DEFENCE
Extra $6.2m to increase Civil Defence capability to ensure New Zealanders are better prepared for natural disasters by providing an extra $6.1 million of operating funding over the next four years and $63,000 of new capital funding for the Ministry of Civil Defence and Emergency Management (MCDEM)
POLICE
$299.2m in additional funding for police over four years, which includes $49.2 million from a Budget 2015 contingency, will fund $279.9 million for Police pay increases, $8.2 million for the child protection offenders register development and operating costs,$6.4 million to ensure Police comply with the provisions of the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 and $4.7 million to cover the first two years of the new operating costs of Christchurch’s Justice and Emergency Services Precinct.
JUSTICE
Budget 2016 invests heavily in core justice services, with $208.4 million in additional funding over the next four years–the largest increase to Justice and Courts in almost a decade.
Finance Minister Bill English delivered the National-led government’s eighth Budget in Wellington on Thursday, May 26. The Budget talks about investing in a growing economy while ensuring continuing support to families and the most vulnerable people who need it the most.
“New Zealand’s economy is...
Finance Minister Bill English delivered the National-led government’s eighth Budget in Wellington on Thursday, May 26. The Budget talks about investing in a growing economy while ensuring continuing support to families and the most vulnerable people who need it the most.
“New Zealand’s economy is performing well and we’re on track for annual growth of around three per cent over the next few years. We’re also on track for growing surpluses and falling debt,” said Mr English.
“That’s thanks to the National-led government’s clear economic plan and responsible management of the books.Budget 2016 is about building on that good progress.”
The main highlights of budget 2016 are as follows:
HEALTH
An additional $2.2 billion for health to help pay for more lifesaving drugs, more elective surgeries, more disability support services, and to start the roll-out of a national bowel screening programme
INFRASTRUCTURE
A $2.1 billion public infrastructure package to invest in building new roads, schools and classrooms, and to support our thriving tourism sector.School infrastructure is a key part of the package. The $882.5 million investment will deliver 480 new classrooms, nine new schools, two school expansions as well as the relocation and rebuilding of three schools and a Kura. This includes $168.5 million for the Christchurch schools rebuild programme, which is now in its third year and has completed six schools, with a further eight under construction. A core part of the package focuses on growth and provides $270.6 million of new capital funding and $80.3 million of new operating funding over the next four years.
INNOVATION AND SCIENCE
$761 million for an Innovative New Zealand package, which invests in science, skills, and regional economic development initiatives to help grow and diversify the economy.
SOCIAL INVESTMENT
$652 million for a Social Investment package to help drive changes to help improve the lives of the most vulnerable New Zealanders.The package, which provides $641.6 million of operating funding over the next four years and $10.5 million of capital, includes additional support for vulnerable children as well as initiatives in corrections, education and health.
SOCIAL HOUSING
Budget 2016 invests $258 million to ensure people most in need of social housing have access to this essential service. Over the four years the package will include $200 million for more social housing places in Auckland, costs related to redeveloping social houses in Tamaki and for increased Income Related Rent Subsidy payments because of higher rents; $41.1 million for emergency housing and a new Special Needs Grant; $7.5 million in new operating funding to manage social housing transfers to community housing providers and $3.7 million in 2016/17 for the Ministry of Social Development’s housing unit and the Auckland social housing team.
HOUSING
$36 million to ensure more New Zealand families live in warmer, drier and healthier homes. The investment includes $18 million of operating funding over two years to extend the Warm Up New Zealand programme to insulate rental houses occupied by low-income tenants, particularly those with high health needs, and $18 million over four years to expand the Healthy Homes Initiative to reduce preventable illnesses among young children (newborns to five-year-olds) who are living in cold, damp and unhealthy homes
EDUCATION
Additional investment in early childhood education, children with special needs, and new schools and classrooms takes annual education spending above $11 billion for the first time. This includes $640.5 million of operating funding over the next four years, plus $75.1 million in 2015/16 and $727.3 million in capital. Key spending includes an extra $396.9 million over the next four years, plus $39.2 million in 2015/16, for ECE. By 2019/20, this will provide funding for a further 14,000 children; $43.2 million over the next four years for schools educating students most at risk of educational under-achievement and $42.1 million over the next four years for students with high and special educational needs.
CIVIL DEFENCE
Extra $6.2m to increase Civil Defence capability to ensure New Zealanders are better prepared for natural disasters by providing an extra $6.1 million of operating funding over the next four years and $63,000 of new capital funding for the Ministry of Civil Defence and Emergency Management (MCDEM)
POLICE
$299.2m in additional funding for police over four years, which includes $49.2 million from a Budget 2015 contingency, will fund $279.9 million for Police pay increases, $8.2 million for the child protection offenders register development and operating costs,$6.4 million to ensure Police comply with the provisions of the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 and $4.7 million to cover the first two years of the new operating costs of Christchurch’s Justice and Emergency Services Precinct.
JUSTICE
Budget 2016 invests heavily in core justice services, with $208.4 million in additional funding over the next four years–the largest increase to Justice and Courts in almost a decade.
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