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The Latest Breaking News from Budget

Housing: a public policy disaster for 30 years

A major social housing conference this week heard that all parts of the system need a long term vision and goals, but that the crisis has been decades in the making and won’t be turned around quickly.

Newsroom.co.nz

AARP Travel Deals and Tips for Your Next Vacation

Use these AARP travel deals during your next vacation to save on hotels and rental cars.

Kiplinger

Tánaiste contradicts Fine Gael's Budget calls that would benefit middle-income earners

It comes days after in-fighting in the coalition after Fine Gael ministers wrote an opinion piece calling for €1,000 tax breaks for middle-income earners

Irish Mirror

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I-T exemption limit for leave encashment upon retirement for salaried employees hiked to Rs 25 lakh

NEW DELHI: In line with the Budget announcement, the finance ministry on Thursday hiked the tax exemption limit for leave encashment upon retirement for private sector salaried employees to Rs 25 lakh.

The Times of India

Tánaiste hits back with fiery response to Fine Gael ministers calling for Budget measures

There is also anger after Taoiseach, Leo Varadkar told the Dáil there will be pension increases as part of October’s Budget

Irish Mirror

Social welfare Ireland: One group confirmed to get weekly payment increase in coming months

Taoiseach Leo Varadkar promised the increase will be in the next budget

Dublin Live

Taoiseach promises pension hike in budget and says elderly will be looked after

“I can absolutely assure the Deputy of one thing: there will be a further increase in the weekly pension"

Irish Mirror

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This is the biggest house sale loss – but worse is to come as interest rates rise

Today's Reserve Bank rates decision is heralded by economists as its most important since Covid. An anticipated OCR hike will put new pressure on mortgaged homeowners in election year. Jonathan Milne reports.

Newsroom.co.nz

Raw Politics: Labour rebrands itself, Luxon's business whispers

This week on the Raw Politics podcast: Labour rebrands as 'The Chris Hipkins Government', Christopher Luxon faces a tired old rumour mill - and a Budget that makes small points well.

Newsroom.co.nz

Budget 2023 won't move dial on R&D 'hole'

The Govt is committed to a target of getting investment to 2% of GDP as a way to “help build a high-skill, knowledge-based and more productive economy”. This is not a Budget to get us there.

Newsroom.co.nz

Robertson becomes ever less the visionary leader

In the Budget James Shaw was the only minister to link how a sustainable, climate-compatible economy generates wealth in all its forms. Every minister should have made variations on that theme

Newsroom.co.nz

Budget 2023: Hipkins' pragmatic push puts National in tight spot

Chris Hipkins' first Budget as Prime Minister was deliberately unambitious compared to those under Jacinda Ardern - but a shared appreciation for universalism has put National in an awkward spot.

Newsroom.co.nz

'Bullshit ambush': Gas levy urgently passed on Budget night

A rapid, last-minute amendment to laws governing the levies paid by fossil gas field operators was passed through Parliament on Thursday night.

Newsroom.co.nz

Disabled employment subsidies spark concerns

An initiative to pay disabled people the minimum wage has had mixed reactions from the community, with fears businesses will continue to exploit cheap labour.

Newsroom.co.nz

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Newsroom.co.nz

A disappointing Budget for the climate

The Government risks running out of money for the climate response if it keeps blunting its carbon-cutting tools and raiding climate funds.

Newsroom.co.nz

Cheaper childcare not so 'win-win'

Budget 2023 makes childhood education cheaper and boosts teacher pay, but long delays in rolling out new policy has people in the sector scratching their heads

Newsroom.co.nz

Budget 2023: Dropping $5 charge good for health, and business

Some pharmacies calling for scrapping prescription charges may in fact benefit

Newsroom.co.nz

Budget 2023: Jibes and jabs from the Opposition

From the “no frills” Budget to the “blowout” Budget, the speeches in the House on Thursday had plenty of one-liners and no shortage of over-used catchphrases. Political editor Jo Moir was there to watch it all.

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Newsroom.co.nz

Budget 2023: Climate fund slashed by $800m

While nearly $2 billion of new climate-related spending was announced in Budget 2023, funding for future policies was cut by $800 million.

Newsroom.co.nz

Budget's main relief slow to land for parents

The cornerstone of the Government’s cost-of-living package won’t kick in for almost a year. It isn’t the big ideas Budget Grant Robertson would have liked to deliver and leaves it exposed to attacks from the Opposition in election year, writes political editor Jo Moir.

Newsroom.co.nz

Budget 2023: ECE expansion, prescription changes in 'pragmatic' plan

The Finance Minister has unveiled a measured Budget as New Zealand is forecast to avoid recession - but low growth and peak unemployment expected to hang around.

Newsroom.co.nz

Budget 2023: No ‘major’ new taxes but $80b more tax revenue

High-earning New Zealanders moved nearly $6 billion income a year into trusts after the Government introduced a new 39c personal tax rate – but now Inland Revenue will chase it down.

Newsroom.co.nz

Budget: Time to pay the piper for Three Waters IT system

The Government goes into this week's Budget with a list of $16 billion in quantifiable contingent liabilities; some costs may never transpire but some will now come due

The Hindu

Welfare spending has been getting a regular pruning

Central allocations for various welfare schemes and sectors in India that ensure basic rights have declined as a proportion of GDP

Newsroom.co.nz

PM dodges questions over elderly living in poverty

Though no political leader will commit to means-testing superannuation as it would amount to political-suicide, there’s an argument to be made for doing so for the winter energy payment

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