New Zealand has actually introduced a well-being budget, but Australia had been paving the way.
Governor-General of New Zealand/AAP
Australia's treasury adopted a well-being framework well before New Zealand's much celebrated "well-being budget". Here's what happened to it.
One of the government’s spending priorities is a transformation towards a low-emissions economy.
A recent report on the state of New Zealand's environment painted a bleak picture of species losses and freshwater pollution. Budget 2019 signals a shift, but more in intention than sufficient funding.
Jacinda Ardern has spoken about just transitions that implement change but minimise disruption.
AAP/ Felipe Trueba
Jacinda Ardern has used the word “transformational” often during her 2017 election campaign. Now the coalition government's well-being budget is held to that aspiration.
New Zealand’s well-being budget makes a significant contribution to Māori self-determination.
Support for Māori and Pasifika communities was a funding priority in New Zealand's well-being budget, but a change in values may have greater impact than more money.
New Zealand’s unemployment rate is better than the OECD average of 5.2%, but 12 OECD countries have lower rates.
Historically, New Zealand's post-war rate of unemployment was 2% or lower until the early 1980s. Today, 4.4% of New Zealanders are out of work, but the well-being budget is unlikely to bring unemployment rates down.
New Zealand’s well-being budget was based on a set of measures that include cultural identity, environment, income and consumption, and social connections.
New analysis shows that if New Zealand replaced GDP with the Genuine Progress Indicator, which accounts for social and environmental costs, it would be only half as well off.
The Office of the Children’s Commissioner and the Ministry for Children have interviewed thousands of children about what well-being means to them.
When thousands of New Zealand children were asked what well-being meant for them, most wanted enough money for basics, good relationships and to be free from bullying, racism and discrimination.
As part of New Zealand’s transition to a low-emissions economy, emphasis is shifting to innovation and away from traditional agriculture.
Under the New Zealand government's well-being approach to the budget, funding that will help reduce emissions is linked with economic development and innovation.
New Zealand developed a set of well-being indicators to guide policy advice.
New Zealand's government has moved away from GDP as a sole indicator of prosperity to prioritise a suite of measures that track well-being.
New Zealand’s pledge to spend NZ$1.9 billion on mental health in the next five years includes extra nurses in schools to help 5,600 more secondary students.
The New Zealand government has put a record NZ$1.9 billion mental health package at the centre of its well-being budget. It's a welcome step in the right direction.
A suite of new well-being measures are at the centre of New Zealand’s budget plan.
For New Zealand's first well-being budget, the government has moved away from traditional economic growth measures to focus on goals like cultural identity, social connection and happiness.
Finance minister Grant Robertson will announce New Zealand’s first budget that uses a well-being measures.
New Zealand's upcoming budget takes a well-being approach based on a suite of living standard indicators. But will this be different to what conservative governments elsewhere tried a decade ago?