Budget 2013 Archived

The Government is making a substantial investment in resources to help new mothers suffering with post natal depression and other mental illnesses.

Health Minister Tony Ryall says Budget 2013 is putting an extra $18.2 million over four years into dedicated maternal mental health beds and new specialist community services around the North Island for around 650 mothers and their babies a year.

Tony Ryall Health Budget 2013

Bill English John Key Prime Minister Finance Budget 2013

Internal Affairs Minister Chris Tremain says $14.5 million in new funding for igovt services in 2013/14 demonstrates the commitment to improving New Zealanders’ online interactions with government.

The igovt services have two components:

Chris Tremain Budget 2013 Internal Affairs

Economic Development Minister Steven Joyce today announced $2 million in new funding to launch the New Zealand Story project – an initiative to help New Zealand companies gain a competitive advantage from the use of the New Zealand brand in international markets.

The funding forms part of the $400 million internationally focused growth package which is a centrepiece of Budget 2013.

Steven Joyce Economic Development Budget 2013

Budget 2013 has recognised the importance of the Marsden Fund to New Zealand’s science and innovation system with a funding increase of $20 million over four years.

“This year’s increase for the Marsden Fund reaffirms Government’s on-going support for fundamental, investigator-led research. Since 2008 we have increased support for the Marsden Fund by 37 per cent,” Science and Innovation Minister Steven Joyce says.

The funding forms part of the $100 million a year internationally focused growth package, which is a centrepiece of Budget 2013.

Steven Joyce Science and Innovation Budget 2013

Small, innovative businesses are set to benefit from proposed changes that will allow them to claim tax losses on research and development, Revenue Minister Peter Dunne says.

A public consultation paper will be released in June on a proposal to allow tax losses arising from R&D expenditure to be refunded up to a certain limit. It will be targeted at R&D-intensive start-up firms.

“Small, innovative businesses that invest heavily in research and development are doing the right thing and we want more of them.

Peter Dunne Revenue Budget 2013

Finance Minister Bill English and Reserve Bank Governor Graeme Wheeler have signed a memorandum of understanding on measures aimed at further protecting the economy and financial system from boom and bust cycles.

Bill English Finance Budget 2013

Budget 2013 provides an additional $134 million in contingency capital funding for new school property, Associate Education Minister Nikki Kaye says.

“This Government is committed to investing in education and will ensure that schools are provided with high-quality infrastructure. Our focus is to ensure that we deliver more modern learning environments that are safe, connected, fit for purpose, and inspiring to both teachers and students,” Ms Kaye says.

Nikki Kaye Education Budget 2013

Schools, Christchurch hospitals, KiwiRail and irrigation are four of the biggest recipients of new capital allocated from the Future Investment Fund in Budget 2013, Finance Minister Bill English and State Owned Enterprises Minister Tony Ryall say.

Bill English Tony Ryall Finance Budget 2013 State Owned Enterprises

Budget 2013 has confirmed $80 million in funding for regional irrigation projects, Primary Industries Minister Nathan Guy says.

“After the extreme drought that most of the country has struggled through this year, the need for better water storage is obvious,” he says.

“There is no shortage of water in New Zealand, but we lack the ability to store and use that water when it’s needed most. Currently, only 2 per cent of rainfall is used for irrigation. We need to do a better job of using this resource.

Nathan Guy Primary Industries Budget 2013

Choosing sound fiscal and economic policies, and being disciplined in adhering to them, means the Government’s books are in good shape as it presents its fifth Budget, Finance Minister Bill English says.

Budget 2013 forecasts an operating surplus before gains and losses of $75 million in 2014/15 – a sharp improvement from a deficit of $18.4 billion in 2010/11.

Bill English Finance Budget 2013

Special legislation to enable councils and the Government to streamline new housing developments in areas where housing is least affordable will be introduced to Parliament today.

“Council decisions can affect the entire economy by increasing house prices, driving up rents, and putting increased pressure on family budgets,” Housing Minister Nick Smith says.

“Housing supply constraints are causing widespread concern about financial stability, with potentially negative impacts on interest rates and the exchange rate.

Nick Smith Housing Budget 2013

Budget 2013 builds on the momentum created by the previous four Budgets across the Government’s wide-ranging programme, Prime Minister John Key says.

“Every Budget since 2009 has been presented against the backdrop of extremely challenging economic conditions.

“In particular, the global financial crisis, the Christchurch earthquakes and ongoing uncertainty around the world have affected most New Zealand households and businesses.

John Key Prime Minister Budget 2013

The Government is supporting New Zealanders on low incomes with a suite of measures designed to help them become more independent.

“We’re increasing funding for Budgeting Services, procuring whiteware to bring down costs for beneficiaries, and exploring options for low- and no-interest loans through microfinancing,” Social Development Minister Paula Bennett says.

To help Budgeting Services provide advice for people to manage on low incomes, the Government has already announced an extra $1.5 million for 2013/14.

Paula Bennett Social Development Budget 2013

Budget 2013 makes fundamental changes to the way the Government delivers housing assistance to those most in need, Housing Minister Nick Smith and Social Development Minister Paula Bennett say.

This includes extending income-related rent subsidies to community housing providers and integrating housing assessment with the Government’s wider social support services.

Paula Bennett Nick Smith Budget 2013 Housing

Budget 2013 will deliver $172.5 million over four years in new operating investment for early childhood education, Education Minister Hekia Parata says.

The Government’s total investment in early childhood education in 2013/14 will be $1.5 billion, up from $860 million in 2007/08.

The $172.5 million includes $56.5 million in contingencies, to be drawn down as required.

Hekia Parata Budget 2013 Education

The Government will provide $92 million over four years to pay carers who look after their own disabled adult family members with high or very high needs, Health Minister Tony Ryall says.

This is in response to the Court of Appeal’s decision in Ministry of Health v Atkinson and others.

“Our society expects parents to care for and support their dependent children,” Mr Ryall says. “But the Court of Appeal ruled that this ‘social contract’ does not extend to continuing to care for adult sons and daughters who have a lifelong disability.

Tony Ryall Health Budget 2013

Budget 2013 supports the Government’s target of further reducing reoffending by 25 per cent by 2017, Justice Minister Judith Collins says.

The Ministry of Justice has received $4.4 million in operating funding over two years from the Justice Sector Fund to extend restorative justice services by an additional 2,400 conferences by 2014/15.

This will bring the total number of restorative justice conferences to 3,600 each year.

Judith Collins Justice Budget 2013

Budget 2013 invests $40 million over the next four years in marketing and promoting New Zealand’s international education industry, as the country targets doubling the value of international education to $5 billion by 2025.

Steven Joyce Tertiary Education, Skills and Employment Budget 2013

Budget 2013 delivers on the Government’s commitment to building a more competitive and productive economy with $200 million of new funding over the next four years for science and innovation, Science and Innovation Minister Steven Joyce says.

“Science and innovation are key drivers of economic growth and international competitiveness. To achieve this, New Zealand needs to develop better linkages with international markets and be a stronger player in research and development,” he says.

Steven Joyce Science and Innovation Budget 2013

Changes to the thin capitalisation rules will help ensure multinational companies investing in New Zealand pay their fair share of tax, Revenue Minister Peter Dunne says.

The changes flow from an issues paper released earlier this year.

“New Zealand welcomes foreign investors, but we expect everyone participating in the New Zealand economy to contribute their share of tax,” Mr Dunne says.

Peter Dunne Budget 2013

Low-income families receive considerable further assistance in Budget 2013 to improve their quality of life, Finance Minister Bill English and Whānau Ora Minister Tariana Turia say.

Mr English, who chairs the Ministerial Committee on Poverty, says taxpayers already spend billions of dollars on social services, and the new spending in Budget 2013 is a combination of extending proven programmes, and new initiatives targeted at supporting vulnerable New Zealanders.

Bill English Tariana Turia Finance Budget 2013 Whānau Ora