The Budget – still don’t care

Lollies

Family Income Package:

The government has allocated $2 billion a year for a family package which includes increasing tax thresholds and scrapping the Independent Earning tax credit. Students receiving an allowance from the government will get up to an extra $20 a week for accommodation benefits.

What this means:

Working for Families Family Tax Credits will rise by $9.25 a week for a first child under 16, and between $17.75 and $26.81 for other children. But payments will abate earlier and more quickly.

Adjustments to income tax thresholds will deliver $11 a week for workers on more than $22,000 and at least $20 more for those earning more than $52,000.

And pork

Public Services:

Some $7 billion has been allocated over the next four years to “sustain and expand” public services, including $3.9 billion for the health sector, $1.76 billion of that for district health boards. Education receives $1.1 billion and law and order initiatives will get an extra $1.2 billion.

Infrastructure:

Infrastructure initiatives have been allocated $4 billion in new capital spending in the budget. SH1 – north and south of Kaikoura gets $812 million and $450 million has been made available for rail infrastructure and rolling stock for KiwiRail’s freight business.

Business Growth Agenda:

Some $372.8 for the second round of the government’s Innovative NZ programme has been made available over the next four years, including $203 million for science and innovation and $132.1 for tertiary education, skills and employment.

Steve Joyce has given himself a very nice slush fund.  He has always been a fan of slapping other people’s money into business bank accounts where shareholders reap the rewards and the taxpayers get…. nothing at all.

That said, this isn’t really a budget that keeps National voters loyal.  For that we need more police, prisons and immigration controls, among other things.

 

– NBR


Do you want ad-free access to our Daily Crossword?

Do you want access to daily Incite Politics Magazine articles?

Silver Subscriptions and above go in the draw to win a $500 prize to be drawn at the end of March

Not yet one of our awesome subscribers? Click Here and join us.

As much at home writing editorials as being the subject of them, Cam has won awards, including the Canon Media Award for his work on the Len Brown/Bevan Chuang story.  And when he’s not creating the news, he tends to be in it, with protagonists using the courts, media and social media to deliver financial as well as death threats.

They say that news is something that someone, somewhere, wants kept quiet.   Cam Slater doesn’t do quiet, and as a result he is a polarising, controversial but highly effective journalist that takes no prisoners.

He is fearless in his pursuit of a story.

Love him or loathe him.  But you can’t ignore him.

39%