Budget 2022

2022 - 5 - 19

budget 2022 nz budget 2022 nz

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Image courtesy of "Newsroom"

Budget 2022: Health and squeezed middle win big (Newsroom)

The Government responds to the financial pain of the 'squeezed middle' with a $1 billion Budget cost-of-living package, writes political editor Jo Moir.

“For our whānau, this means the Māori Health Authority will be able to fund services that best suit our people and the services they are asking for. Reader donations are critical to what we do. To support the creation and operation of the new public media entity, that will merge RNZ and TVNZ, $327m has been allocated over three years from 2023. Robertson told media in the Budget lock-up that the significant funding was about building capacity and services over time and that it would take several Budgets to see a shift in equitable health outcomes. In the first year, $1.8b will be allocated to health, followed by an additional $1.3b in year two taking it to $3.1b. That budget will continue over the next two years. Over the next four years $11.1 billion has been allocated to the new entities that will replace the 20 district health boards that cease to exist in July.

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Image courtesy of "RNZ"

Budget 2022: Cost-of-living payment hands $350 to lower-income ... (RNZ)

More than two million New Zealanders will get a one-off $350 sweetener as part of the Budget's centrepiece $1 billion cost-of-living relief package.

Another $90.7m will go towards air ambulance services to replace ageing aircraft with modern helicopters. Lack of workforce capability has been identified as a key factor in being able to bolster Te Mana Hauora - and $39 million will be used for Māori workforce training and development to support them within the new health system. The $579.9 million invested in Māori health and wellbeing is on top of the $11.1 billion health allocation. This Budget responds to those challenges." In tertiary education, the Budget provides $56m a year to pay for an expected increase in enrolments next year and in 2024. The Māori Health Authority, Te Mana Hauora, is set to be launched 1 July and will receive $188.1m over four years for direct commissioning of services. More than half a billion dollars is being pumped into the Māori Health sector with $579.9 million going towards Māori health and wellbeing. The Budget provides more than $80m a year for the equity index which replaces deciles as the measure of disadvantage in schools. The Budget contains "the largest investment ever in [the] health system" - $11.1b - as the Government presses ahead with its plan to replace DHBs with a centralised health service. The Māori Health Authority will get $168m over four years to directly commission hauora Māori services. Ongoing uncertainty over inflation, Covid-19 and the invasion of Ukraine continue to cast a pall over the economy until at least the end of the year. The temporary short-term support is counterbalanced by a record $11.1b for the health system as the government scraps DHBs and replaces them with a central agency.

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Image courtesy of "1 News"

Govt delivers $1.2b for Māori in Budget 2022 (1 News)

The Government has announced $1.2 billion for Māori as part of this year's budget, with a large chunk going towards health, and a boost for Māori economic ...

The package also includes $36 million to strengthen mātauranga-based approaches to reducing biological emissions, $16.3 million for an Equitable Transitions Programme, $30.5 million for Māori Climate Action and $11.6 for the Takutai Moana – Implementation of Engagement Strategy. Māori education has been allocated over $200 million with $47 million for the Māori Language Programme funding at its highest level of immersion (Level 1). Also included is $13 million for initiatives in the construction sector, $3 million for marae connectivity, $5 million for an iwi/Māori teacher workforce support package, $25 million cadetships to improve and extend Māori employment outcomes in the Cadetships Programmes, and $10 million for the Te Ringa Hāpai Whenua Fund. $168 million to the Māori Health Authority for direct commissioning of services and $20.1 million to support Iwi-Māori Partnership Boards There will be $155 million invested into the Māori economy and employment, following the Government’s $66 million funding boost last week to continue the Māori Trades and Training Fund. Of the money, $579.9 million is being invested into various health initiatives, including $188.1 million to the Māori Health Authority over four years.

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Image courtesy of "RNZ"

Budget 2022: Expectations vs Reality (RNZ)

There was a lot riding on the year's Budget: Cost-of-living challenges, health, climate, education - so did the spending match sectors' hopes?

Minister Chris Hipkins is heading overseas to promote New Zealand as a study destination, some education agents warned it would take time to recover, and immigration changes would hit the India market especially hard. But more would inevitably be needed to complete the shift and bring the health system's infrastructure up to scratch. The government is seeking feedback on how this can be tackled so don't expect much action until that's complete, but already the Insurance Council has warned funds should be set aside for mitigating increasing floods. Expectations Expectations Another $3.6m will help scale up a voluntary carbon market. Expectations were high the popular public transport move would be extended. Expectations Robertson's Budget has needed to walk a fine line between reining in inflationary spending and keeping infrastructure promises, however. Expectations Expectations Expectations

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Budget 2022: 'Largest investment ever' in health system (Newsroom)

Billions of dollars will go into the reformed, centralised health system over the next four years, but Māori will see just a little of it, Marc Daalder ...

Alongside money for the new health system, a bevy of services have received specific funding. This year also marks the start of a new funding model for the health system, which will receive multi-year allocations rather than one-off bumps to its budget. A portion will wipe off the $550 million in debt that the DHBs have managed to accrue over more than a decade of poor financial management. Reader donations are critical to what we do. Robertson said the reforms would address “the long-standing inequities we have in our health system” but conceded “it is just the beginning”. He also pointed to other Māori health funding in the Budget, like $30m for Māori care providers and $39m for development of the hauora Māori workforce. But the funding for the new Māori Health Authority to commission health services dwindles in comparison to the Health NZ’s multibillion dollar operating budget, at just $168 million over the next four years.

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Image courtesy of "1 News"

Budget 2022: What you need to know (1 News)

New 'cost of living payment' for people earning up to $70K. This is a temporary payment for people not entitled to the Winter energy payment.

- The rule will be scraped that denies sole parents on benefits their child support payment. The new rules will stop supermarkets from blocking competition from accessing land to open new stores, Finance Minister Grant Robertson said. Ongoing half price public transport for community service card holders.

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Image courtesy of "Department of Conservation"

Budget 2022 overview (Department of Conservation)

Budget 2022 provides an extra $374m of operating funding and $26m of capital funding to DOC to significantly progress implementation of the Aotearoa New Zealand ...

The increases in departmental and non-departmental appropriations since 2019/20 have been driven by the Covid Recovery and Relief Funds received at Budget 2020. Predator control ($81.3m) Predator control ($81.3m) Tourism infrastructure - maintenance ($33.1m) Visitor management ($5.5m) The decrease in concessions revenue and recreation revenue caused by the COVID-19 pandemic is still having an impact on DOC’s baseline and will continue to do so until revenue recovers to pre-COVID levels. Budget 2019 was more modest, but allowed for DOC’s security, health and safety systems to be strengthened. The most significant funding uplifts secured were: Jobs for Nature: Kaimahi for nature ($200.0m) - Electric vehicles ($10m) - Visitor asset management ($60m) - Deer management and goat control ($30m)

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Image courtesy of "New Zealand Herald"

Budget 2022: Snapshot for business (New Zealand Herald)

Initiatives from Budget 2022 that affect businesses: 1. Supermarket regulation. The Government will introduce legislation to Parliament on Budget night, ...

The payment would be available for a set time period, after which the claimant would need to go into the regular welfare system if they're still unemployed. The value of the payout would be equivalent to a certain portion of the claimant's previous income – up to a certain level. The proposal is that employees and employers pay levies to the scheme, which would pay a claimant out in the event of job loss due to redundancy or illness. "The Fund would always be a minority investor with a seat on the board, offering guidance and expertise, but always leaving owners in control. The Crown will have a minority shareholding in the Fund, which will be "privately operated" and "independently managed". Robertson said the Government would provide a formal response to the Commerce Commission's market study in the coming days.

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Image courtesy of "New Zealand Herald"

Budget 2022: Wall Street Journal breaches 2pm embargo (New Zealand Herald)

Prestigious business publication The Wall Street Journal published key information from today's New Zealand Budget one hour before the embargo was lifted.

BusinessDesk reported The Wall Street Journal, headquartered in New York, published key information from the Budget before the embargo was lifted at 2pm. One of the reasons for this is the information in the Budget and the Finance Minister's speech often influences markets and the New Zealand dollar. Prestigious business publication The Wall Street Journal published key information from today's New Zealand Budget one hour before the embargo was lifted.

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Image courtesy of "New Zealand Herald"

Budget 2022: Health gets $13.2b boost to address inequities, sector ... (New Zealand Herald)

The health sector is being given $13.2 billion over the next four years including more than $1.8b in new spending in the coming year to address historical ...

This includes $37m to develop over 2500 nurses, physios, pharmacists and opticians. The authority would get $168m in total over four years towards delivering hauora Māori services. A $550m deficit was forecast for this year alone. Over the next four years $76m is allocated to developing the health workforce. "Māori die at twice the rate as non-Māori from cardiovascular disease, Māori tamariki have a mortality rate one-and-a-half times the rate found in non-Māori children, Māori are more likely to be diagnosed and die from cancer, and Māori die on average seven years earlier than non-Māori." "Māori deserve to live longer and healthier lives, and that is why this Government is reforming our healthcare system, and why we established a new Māori Health Authority as part of the reform. A transitional package for the new Health NZ, replacing the country's network of 20 DHBs, and the Māori Health Authority over the next four years includes $11.1b to address cost pressures and $2.1b on new services, which Finance Minister Grant Robertson called a "record" spend for the sector. This includes $188 million for the Māori Health Authority to commission services, and $102m over the next three years to provide better, earlier GP and community care and to ease pressure on hospitals. There was also $2.1b to be spent over the next four years on a range of different services, which included a $166m boost to ambulance services. The health sector is being given $13.2 billion over the next four years including more than $1.8b in new spending in the coming year to address historical cost pressures, boost the workforce and guide in the health reforms. Another $76m over the next four years will be spent to boost the primary healthcare workforce by the thousands. • $102m over the next three years to provide better, earlier GP and community care and to ease pressure on hospitals.

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