Too many children and young people live in places where it is a struggle to meet every day needs and do things that other New Zealanders take for granted.There is strong evidence that growing up in poverty can harm children in multiple ways. The economy is in good shape to counter these headwinds.The unemployment rate is forecast to remain low and wage growth is expected to remain solid. They are working with relevant Ministers to develop initiatives targeting their priority's wellbeing outcomes.The Government used the Treasury's Living Standards Framework (LSF) to support its wellbeing approach, including in the delivery of the first Wellbeing Budget in 2019. Further announcements will be made over the coming weeks and months as we kickstart the economy and rebuild with a focus on a better New Zealand. We have started investing in these areas and our new capital spending outlined in this document will take further steps to address these needs.We have developed a range of initiatives to start to address the infrastructure challenges above, which will require sustained investment to address, for example:The Government's plan to tackle New Zealand's long-term challenges and build a more productive, sustainable and inclusive economy is set out in the These shifts represent some of the most important transitions the Government wants to make in the economy to prepare for the big changes coming our way and address our most pressing economic, social and environmental challenges.If we achieve these shifts, we will go a long way towards making New Zealand a great place to live and work. This $2.5 billion investment over three years compares to $827 million in total over the nine years of the previous Government.We are committed to ensuring primary health care is affordable for all New Zealanders. “Those challenges and opportunities cannot be resolved in one budget, so they continue to be the core of the …

While the Treasury's forecasts suggest that net core Crown debt will increase as a share of GDP over the next three financial years, the benefits of increasing debt to fund investment in high-value initiatives outweigh the costs.

It made greater use of Ministerial subgroups than in previous budgets with Ministers working closely together to develop packages. ... View at PBTech NZ. Nearly 10 per cent of young people aged 15-24 are not in employment, education or training, despite low overall unemployment.We also need to ensure that people are prepared to adjust to technological change and the future of work.

Budget 2019 set aside $266 million for increased funding for deciles 1-7 schools that agree not to request donations from parents. Te Reo Māori initiatives, like Te Ahu o te Reo and Te Kawa Matakura and supporting the Māori Housing Network and revitalising marae were invested in. Help us shape Auckland's future The Annual Budget 2020/2021 consultation is your chance to have a say about what Auckland Council is planning over 2020/2021 towards making Auckland a world-class city. The 2020 Budget Policy Statement (BPS) sets out the priorities for the 2020 Wellbeing Budget and outlines the next steps in the Coalition Government's plan to build a more productive, sustainable and inclusive economy.. New Zealand is facing an infrastructure deficit which has built up over the past decade. In addition, a $300 million Acceleration Fund was established in Budget 2018 for critical projects to properly support the regeneration of Christchurch. Investor demand for New Zealand Government debt has also remained robust.Further details on the Government's specific short-term intentions and long-term objectives can be found in the Annex.The Government is prioritising responsible investments that enhance the long-term wellbeing of New Zealanders.Having restarted contributions to the NZS Fund, the Government is making regular contributions.

Years of failing to invest in our public services has meant that essential investment has not taken place, has been deferred or has been neglected. Our national infrastructure pipeline, which is still under development by the Infrastructure Commission, contains more than 500 projects over the short to medium-term - with an estimated value of $21.1 billion.The Commission will improve how New Zealand coordinates, plans and invests in infrastructure through the delivery of a 30-year infrastructure strategy.