Submitted by | Grant Robertson |
---|---|
Parliament | Parliament of New Zealand |
Party | Labour |
Surplus | $3.1 billion |
Website | Budget 2018 |
‹ 2017 2019› |
The New Zealand budget for fiscal year 2018/19 was presented to the New Zealand House of Representatives by Finance Minister Grant Robertson on 17 May 2018.
This was the first budget by the Sixth Labour Government of New Zealand, and the first presented by Grant Robertson as Minister of Finance.
In mid-May 2018, the Government allocated NZ$2.8 billion in operational funding and NZ$3.8 billion in capital funding to the 2018 New Zealand Budget. [1] [2] According to a New Zealand Herald report, 38% of the Budget's funding was generated from adopting a slower debt track than the previous National Government; 23% from extra revenue from economic growth; 6% from cutting previous programmes and greater tax collection compliance. [2]
Investing NZ$88 million into increasing the number of labour inspectors, funding compliance and border activities to combat migrant exploitation, and training programmes for unemployed youths. [1]
As is tradition, the Leader of the Opposition, Simon Bridges, moved a motion of no confidence in reply to the Budget speech. Bridges claimed the Budget showed "a Government that is borrowing more, taxing more and spending more — but has no plans for how we as a country can earn more." In response, Prime Minister Jacinda Ardern claimed the Opposition was "a lot of shouty shouty, and not a lot of planny planny." [3]
The Arts Council of New Zealand Toi Aotearoa (Creative New Zealand) is the national arts development agency of the New Zealand government established in 1963. It invests in artists and arts organisations, offering capability building programmes and developing markets and audiences for New Zealand arts domestically and internationally.
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The Third Labour Government of New Zealand was the government of New Zealand from 1972 to 1975. During its time in office, it carried out a wide range of reforms in areas such as overseas trade, farming, public works, energy generation, local government, health, the arts, sport and recreation, regional development, environmental protection, education, housing, and social welfare. Māori also benefited from revisions to the laws relating to land, together with a significant increase in a Māori and Island Affairs building programme. In addition, the government encouraged biculturalism and a sense of New Zealand identity. However, the government damaged relations between Pākehā and Pasifika New Zealanders by instituting the Dawn Raids on alleged overstayers from the Pacific Islands; the raids have been described as "the most blatantly racist attack on Pacific peoples by the New Zealand government in New Zealand’s history". The government lasted for one term before being defeated a year after the death of its popular leader, Norman Kirk.
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