Budget day

Grant Robertson will present the first Labour-NZ First-Green budget today. It is a big test for Robertson and Labour in particular.

All three parties have been playing the PR game in advance.

Most of the budget will be mundane business as usual.

Some things will probably be laudable. Some will be debatable. And critics will criticise.

And then we will have to wait months if not years to see what the effects are – some will be positive, some negative.

And for most of us life will go on regardless.

80 Comments

  1. Grimm

     /  May 17, 2018

    For 9 years the whole country thought it was a bit of a joke that Robertson might stand in parliament and deliver a budget.

    Jokes on them eh?

    • We have to hope he has learnt enough and acts on good advice.

      • Grimm

         /  May 17, 2018

        Past behaviour is always the best predictor of future behaviour.

        • Kitty Catkin

           /  May 17, 2018

          What a lovely trusting nature Pete has.

  2. David

     /  May 17, 2018

    I bet if yous topped 10 people in the street yesterday 8 wouldnt even know the budget was due. 5 probably wouldnt care, 3 would call Robertson/Peters idiots and 1 would be supportive but braced for further disappointment and 1 in 10 NZers is now a consultant on an inquiry/working group and hoping for further work.

    • Gezza

       /  May 17, 2018

      Well, if we’d just topped 10 people in the street, 10 of them wouldn’t know anything about the bloody budget, David Blue! Theyd be dead! They’d be ex-people. Unless one or two of them managed to croak out “what budget?” before expiring. 😕

      • David

         /  May 17, 2018

        I saw that after I posted and thought jeez it wont be long before Gezza pops up with something witty.

        • Gezza

           /  May 17, 2018

          Looking on the bright side – if any of them were National supporters, depending what Grant cranks out – they might consider they’re better off dead anyway? 😉

  3. Blazer

     /  May 17, 2018

    Robertson is just as qualified as Joyce or English to present a…budget.

    • Alan Wilkinson

       /  May 17, 2018

      His qualifications and experience being?

      • Blazer

         /  May 17, 2018

        you and others under estimated Ardern,and you and others are now under estimating…Robertson.

        • Alan Wilkinson

           /  May 17, 2018

          I didn’t under-estimate Ardern. I over-estimated the common-sense of the rabid Left who voted for her and now support her nonsense via their media mates. Robertson has zero qualifications to present a budget and we will see today how far the bureaucracy have been able to compensate for that.

    • David

       /  May 17, 2018

      That will be English who used to work in treasury and steered us through the GFC and quakes to return to surplus while delivering more elective surgeries, reduced waiting list times, the first rise in benefits in 43 years time, the innovative tax switch and gifted these numpties a decade of surpluses.
      Or the hugely successful radio entrepreneur Joyce.
      Nope Blazers man is an ex student politician who has never had a job and cant even implement a promised winter fuel payment for millionaire pensioners in time for their annual winter departure to the Sunshine Coast.

      • Blazer

         /  May 17, 2018

        All English did was borrow billions of dollars,and used some of it to fund tax breaks to the…rich.

        • Trevors_Elbow

           /  May 17, 2018

          Oh dear god that line is bs and you know it. Give us the list of service cuts to balance the books English should have made? Or your tax regime to fill the multi billion dollar revenue hole left by a collapse in tax receipts following the GFC. The trimming of the top rate was off set by GST changes so doesn’t play as some sort of gift or largesse AND no tax rebalancing wouldn’t have filled the rather large structural hole in the government accounts left by Cullen anyway – you know it wouldn’t and that line may play in the pub with people with no knowledge of economics or finance but it doesn’t wash here . The tax rebalancing was specifically design to stimulate/maintain spending to help keep the economy from completely tanking by raising disposable incomes.

          Your incessant carping on this is never more that little boy snideness and never backed with anything remotely coherent in terms of an alternative….

          • Blazer

             /  May 17, 2018

            so in effect you are saying G.S.T was hydrauliced to pander to tax breaks for the Range Rover set.
            Cullen ran year on surplus budgets and left the economy in good health.
            If he had not,English would not have been able to borrow the..billions.
            I am not paid to offer alternatives.

            • Alan Wilkinson

               /  May 17, 2018

              Are you paid to spew incessant drivel?

            • Blazer

               /  May 17, 2018

              No, that’s why…I don’t.Thats’ your unpaid…job..Al.

            • Alan Wilkinson

               /  May 17, 2018

              You surely do, B.

            • David

               /  May 17, 2018

              The range rover was more expensive you economic genius it’s a consumption tax, drug dealers, crooks and tourists pay more too

            • Blazer

               /  May 17, 2018

              @Range Rover David…no I’m not an economic genius,I just appear to be when compared to…you.

            • Trevors_elbow

               /  May 17, 2018

              No you are paid to talk rubbish then?

            • Trevors_Elbow

               /  May 17, 2018

              Cullen SQUANDERED Billions and over fatten both the State sector and also Welfare. Cullen could have easily cut tax rates for the WFF bracket by raising band thresholds and dropping bottom tax rates lots more cash in working families pockets… eliminating the need for WFF in the first place – plus he could have cut the company tax rate and guided employers to wage rises (there are ways to jaw bone a move of funds in to wages_…

              But that is not the Lefts way – its all about growing the State, making people dependent and shrinking free enterprise…all for a little more control of the individual

              Its very telling you always demur to offer an alternate plan to the one executed by English and Key… because you know there was very little else the could do. But your hate blinds you

              Your envy of everyone who earns a decent crust is just plain obvious… bitter much? You must be an Everton fan

            • alloytoo

               /  May 17, 2018

              @Trevors_Elbow

              It’s worth noting that the rest of the world looked on at manner in which Key/English navigated both the GFC and CHC earthquake with some considerable admiration.

              Blazer on the other hand doesn’t understand Supply and demand or that hydro dams operate like batteries.

            • Blazer

               /  May 17, 2018

              @a2-‘It’s worth noting that the rest of the world looked on at manner in which Key/English navigated both the GFC and CHC earthquake with some considerable admiration.’
              The handling of the Chch earthquake has been handled abysmally as becomes more apparent every day that passes.
              The rest of the world has no particular admiration for borrowing billions.Cullen left NZ in a good space.

    • His father was an Accountant, although he was imprisoned for two years in 1991 for theft, I’m sure he passed along a few money tips to his careerist politician son

      https://www.odt.co.nz/news/dunedin/leadership-race-city-connections

      • Blazer

         /  May 17, 2018

        nice of you to dredge that up.Try Todd McClays father…and there’s always shifty Doug,convicted felon.

  4. lurcher1948

     /  May 17, 2018

    Budget Day.

    Bend over RIGHTIES- Now this might sting a little…

    • Alan Wilkinson

       /  May 17, 2018

      Short term pain for the hard-workers. Long term pain for their idle leeches, Lurch. Be careful what you wish for.

      • lurcher1948

         /  May 17, 2018

        As a worker who retired at 69 and is a pensioner and never received any unemployment benefits or benefits in my life do i come in as a leech in your eyes Alan

        • Gezza

           /  May 17, 2018

          Course not, Lurch. Bloody nonsense. You’re livin the good life on your yearly dividend from your decades of solid investment in Super & your wise saving & careful spending.

          Onya mate. Enjoy your retirement. Ya earned it! 👍🏼

          • lurcher1948

             /  May 17, 2018

            My wife retires today, same story never unemployed

        • Alan Wilkinson

           /  May 17, 2018

          No you don’t, Lurch. But a lot of Labour and Green rhetoric glorifies them.

    • Gerrit

       /  May 17, 2018

      Yep, the taxpayer in the tradeable sector will be feeling the sting. Pity we cant measure the productivity loss on what seems to be a handout budget for those in the non-tradeable (except for GST, non tax paying) sector paid for by increased taxation and “levies” on the middle class and business.

      How will the productivity be increased in this budget?

      Or will this budget kill incentives for investments and hard work?

      Will it be more worthwhile to stay in bed and do nothing, or get out and earn a tax paying crust in the tradeable sector.

      • Blazer

         /  May 17, 2018

        productivity has been stagnant for..years…the FIRE economy was all the prior admin cared ..about,made GDP look….good.

        • Gerrit

           /  May 17, 2018

          When a 23% increase in the government extra funding is to come from

          “23 per cent from extra revenue from growth in the economy”…there is something to worry about if productivity does not increase.

          https://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=12052795

          Now treasury predicts “Treasury forecasts economic growth to average 3 per cent a year over five year, up marginally.”

          You better not kill productivity for where will your growth come from?

    • Corky

       /  May 17, 2018

      We’ll take the pain.. for a 2020 gain, Lurchy.

    • Blazer

       /  May 17, 2018

      @Trev..’Its very telling you always demur to offer an alternate plan to the one executed by English and Key… ‘

      … eliminating the need for WFF in the first place –’…so why did the Nats retain WFF…Einstein,not because they have no…clue!

  5. Zedd

     /  May 17, 2018

    Bring it on !

    After 9 LOOOOOOOOOOOOOOOOOOONG years of budget deficits & the two speed economy (mind the gap), aimed at making ‘the Rich; RICHER’.. this could well be a breath of FRESH AIR, with a move back to ‘looking after ALL kiwis’ 🙂

    • Gezza

       /  May 17, 2018

      One hour to go Zedd m8. 2pm on Freeview Channel 31. 👍🏼
      Gonna be fair, me. Not going to pre-judge – like his rabid righty detractors are. 👼🏼
      Just gonna see wait & see what the smarmy little git comes out with. 😎

  6. Corky

     /  May 17, 2018

    I was quite impressed with Amy Adams interview this morning. She seem to know what she’s talking about. Whether my perception is correct will be determined over the next couple of years.

    • Gezza

       /  May 17, 2018

      They probably should’ve gone with Judith.

      • Gezza

         /  May 17, 2018

        Pretty telling that nobody could come up with 10 good reasons why Bridges should be our next PM last nite. Anybody got 3 good reasons?

  7. lurcher1948

     /  May 17, 2018

    A horrible sight, Paula Bennett rolling her eyes round and around,once seen cannot be unseen scary

  8. lurcher1948

     /  May 17, 2018

    You have to feel sad for David Seymor, during the post budget speeches, all the national MPs have gone off to Bellamys or somewhere to sulk and the party of one was sitting on his own at the end of his bench, and David Seymor is now speaking to himself, SAD SAD,2.5 years to extinction David,brush up on dancing you might need a new career

  9. Ray

     /  May 17, 2018

    Looks like a bit of a fizzer.
    “Under sell it, over deliver” was Miss Clark’s motto.
    Undersell, under deliver doesn’t have the same ring to the voters

    • Blazer

       /  May 17, 2018

      right wing reporter….says..
      ‘Audrey Young: Jacinda Ardern was right about the Budget – not boring but not exciting’

      Hamish Rutherford…’Budget 2018: Treasury beds in rising tax take, giving Robertson room to add billions in the future’.

  10. Zedd

     /  May 17, 2018

    Great to hear.. this Govt. are sounding like they have moved beyond, ‘trickle down nonsensical economics’ rhetoric, which was actually about looking after 50.1% who vote for them & not ALL kiwis, as they kept claiming !

    I can see Natl have NOT learned anything.. still the SMUG, selfish ‘WE know best’ along side all their yelling & fist pumping !! oh dear.. how sad

    I’m guessing Bridges days ARE numbered.. AMATEURish 😀

    • Corky

       /  May 17, 2018

      Yes, the government has made it clear…the days of individualism, thrift and effort are over.
      The collective will take it from here…AND YOU’LL DO WHAT YA ARE BLOODY TOLD.!

      Personally, I have no problem with this result. Labour clearly demarcated what type of government they’d be. And our MMP electoral process delivered the means for Labour to become the legal government.

      National needs to stop criticising the budget which wasn’t bad by any means -except for teachers- and offer an alternative budget while explaining to voters the long term damage Labour will inflict on our economy. Forget the debating chamber dramatics exemplified by Paula Bennett and concentrate on 2020, minus Simon Bridges.

      Yes , I agree with you, Zedd.

  11. Zedd

     /  May 17, 2018

    OOPS missed a few words: Great to hear.. this Govt. are sounding like they have moved beyond, ‘trickle down nonsensical economics’ rhetoric, (of the last Govt.) which was actually about looking after 50.1% who vote for them & not ALL kiwis, as they kept claiming !

  12. Zedd

     /  May 17, 2018

    btw; Its totally laughable, that Natl are now, trying to sound like they DO CARE for the bottom 49.9%. ho ho… but its gone beyond a JOKE.. to just plain RIDICULOUS. What did they do for 9 LOOOONG years ?

    • Kitty Catkin

       /  May 17, 2018

      Looooong ?

      • Gezza

         /  May 17, 2018

        Think it might be a Thai word meaning a year that feels like 10 years?

        • Kitty Catkin

           /  May 18, 2018

          Or the sound of a ballooooooooon being deflated ?

      • Zedd

         /  May 18, 2018

        @kitty.. FAR TOO LOOOOOONG !

        • Gezza

           /  May 18, 2018

          And I think that one’s a Chinese phrase, Kitty.

          Or Zedd might have gone all Pasifka – fatu fa’a. o_O

        • Kitty Catkin

           /  May 18, 2018

          Too LONNNNNNNNNNN? Otherwise it would rhyme with balloon.

  13. Conspiratoor

     /  May 17, 2018

    Surpluses. Generational change. Meh!

    Is retiring debt even a consideration anymore? Who gives a shit eh, let’s leave it to the next generation and their chinese masters to work towards a mutually agreeable outcome

    • Gezza

       /  May 17, 2018

      😮 Christ! Don’t do that!

      Where did you bloody come from? 😳

      I thought you’d been executed in Venezuela for selling hot water on the black market? 🤔

      • Conspiratoor

         /  May 17, 2018

        Interesting you should mention Venezuela G. That is one border I’m too afraid to cross in my 2021 pilgrimage to ushuaia

  14. Gezza

     /  May 17, 2018

    God, Bridges is a whiner! Obviously jealous. 😠
    AND … he says “Guvermint” !

    • Gezza

       /  May 17, 2018

      Cameron Bagrie said the Budget’s “rock solid”, on 1ewes.
      Some dude from Business NZ agreed.

      Does Bagrie know his onions – anyone?

      • Gezza

         /  May 17, 2018

        The Business NZ 👇🏼 dude.

        Kirk Hope is Chief Executive of BusinessNZ, New Zealand’s leading business advocacy group, representing thousands of businesses of all sizes. Mr Hope and his Wellington-based team work with companies, organisations and political and other decision makers, advocating for New Zealand’s success through sustainable economic growth.

        Before joining BusinessNZ, Kirk was CEO of the New Zealand Bankers’ Association. Prior to that he was Executive Director of the Financial Services Federation, the industry body representing the non-bank sector. He has previously held a range of senior positions at Westpac, including Head of Government Relations and Regulatory Affairs.

        A qualified barrister and solicitor, Kirk holds a Master’s degree in law, focused on regulation of financial services, and a Bachelor and Post-Graduate Honours degree in political science. For five years he was a member of the Commercial and Business Law Committee of the New Zealand Law Society.

      • Zedd

         /  May 17, 2018

        sounds like TV3 mostly gave it the thumbs up too 🙂

        • Gezza

           /  May 17, 2018

          The detailed analyses & opinions/commentaries in the msm will start from tomorrow & are what I’ll be most interested in, natch, Zedd – same as for every political tragic.

          Budget Day’s all pomp, puffery & rhetoric.

    • Please don’t talk about Bridges’ speech when we had to endure Robertson’s appalling Dunedin “ we never saw a Māori at my school” Te Reo. Unbelievablly bad accent

  15. Kitty Catkin

     /  May 17, 2018

    Nobody mentioned where all the money is coming from, of course.

    • Gezza

       /  May 17, 2018

      How much can you spare? 🤕

      • Kitty Catkin

         /  May 18, 2018

        $20 ? That’s what’s in my wallet, but I could take another $20 from the ATM if that’s not enuff.

    • Alan Wilkinson

       /  May 17, 2018

      People on the average wage apparently, Kitty. They will soon be on the highest tax bracket. Unless Cullen rides to their rescue.

      • Kitty Catkin

         /  May 18, 2018

        I was afraid of that, but didn’t think that Labour would do that to them.

        The average class can kiss my arse,
        I’ve got the PM’s job at last.

    • PDB

       /  May 17, 2018

      Left-wing take over of local govt throughout most of the country shows where this Labour govt is headed as they ramp up spending whilst doing nothing to actually provide value for that money, or in the case of the economy generate new income streams…….https://yournz.org/2018/05/17/7-84-rates-rise-a-normal-part-of-the-cycle/

      At the moment they are using revenue gleaned from policies enacted by the previous govt to pay for all their ‘nice-to-haves’ – let’s see how much money they have to play with in next years budget. No doubt they think the money will run out in 2020 just in time for a heap of tax increases.

      • Blazer

         /  May 17, 2018

        ‘At the moment they are using revenue gleaned from policies enacted by the previous govt’…prove it…I call b/s.

        • Traveller

           /  May 17, 2018

          They didn’t generate a cent of it

        • PDB

           /  May 18, 2018

          The economy is largely being run as National had it, Labour’s changes have either been delayed (100+ working groups or the like) or promises have been paid for by money created by the previous govt (like tax-break money reallocation). Next year they will be properly judged in terms of creating income to pay for their spending.

          • Gezza

             /  May 18, 2018

            That’s usually the way isn’t it?
            The first year is spent paying out the election bribes.
            The second year is spent paying for the damage.
            The third year is spent cooking up re-election bribes.

            It’s one of the reasons I waver between hot & cold on a four year term. I used to think that maybe two straight budget years in the middle would give voters more of a chance to evaluate a government’s fiscal & economic confidence.

            It’s not that I think governments should only be judged by the classic macro economic indicators – I think there’s something to be said for including a range of societal health metrics – but there’s a plain, simple truth in the phrase “It’s the economy, stupid”. If a government mucks the economy up, everybody suffers, generally those at the bottom end up hardest hit ,& more people in the middle head into the bottom bracket.

            It takes, what 6 years minimum to recover – & brings back the same old debate: if the economy’s tanking – is it the best fix austerity (no) or borrowing to stimulate spending into it (probably).

            • Blazer

               /  May 18, 2018

              I think borrowing ,big time is the go in these times.Rack up big debt and build infrastructure for the future.
              Inflation and low interest rates take care of debt repayments and there is always the viable option of sovereign Q.E, instead of just borrowing imaginary ‘money’ off a big player.

            • So are you disappointed with this budget?

  16. Blazer

     /  May 18, 2018

    this budget is a ‘don’t frighten anyone’ budget.Bit disappointing.
    I expect some bolder initiatives in the next.

    • An emphasis seems to have been on Robertson establishing a reputation as a prudent financial manager. In a way it makes sense for a careful first budget until they have time to make big plans and big decisions.

      But on some things Robertson should have been well prepared for. ODT make a good point:

      Mr Robertson has been thinking about the future of work for four years and should have been ready to bring in policies to New Zealanders who are ready for the changes technology is heralding.

      https://www.odt.co.nz/opinion/most-gain-minister-too-cautious