Live coverage of the budget starts around 2pm. Check out:
Other links and analysis to be added (by anyone!) as the day progresses.
A first summary here: Budget focuses on social investment, infrastructure
John Key fails middle New Zealand with no fix for housing crisis, more underfunding of health
Posted by Andrew Little on May 26, 2016
Middle New Zealand has again missed out in this year’s Budget with not a single fix for the housing crisis, and health and education woefully underfunded again, Leader of the Opposition Andrew Little says.
“This Budget is just a patchwork of ad hocery, a piecemeal package of measures that won’t fix even one of the major problems facing New Zealand, including an out of control housing crisis which the Government wilfully denies. It lacks vision and shows that after eight years in power, National has lost touch.
“What was needed today was a clear plan to build thousands of affordable homes, lift wages and fix our creaking public services. Instead we have a Government still focused on those at the top while most New Zealand families miss out.
“This Budget leaves offshore speculators running rampant in our housing market. The Government’s only response to kids sleeping in cars and a generation shut out of home ownership is a reheat of last year’s failed attempt to free up Crown land in Auckland.
“Nick Smith’s plan failed last year. It will fail again.
“Our health service has suffered from $1.7 billion of cuts over the past six years. Yet today’s announcement is $50 million a year short of what’s needed just to keep up with population growth and inflation. We are again going backwards in health and there will be even fewer specialist appointments and operations.
“Education fares no better. This Budget fails to reverse the $150 per pupil school funding which was cut last year. Parents will again have to pick up the additional costs.
“While the Government talks about growth, they ignore the thousands of Kiwis out of work. By the next election, there will be 45,000 more unemployed New Zealanders than when they took office.
“A Labour Budget would have taken decisive action on housing, boosted funding for health and education, and invested in growth for middle New Zealand.
“What we have instead is a Budget that will fix nothing, help only the few at the top and leave middle New Zealand worse off than before,” Andrew Little says.
Over half of National's $668m surplus is WINZ debt #Budget2016
— Idiot/Savant (@norightturnnz) May 26, 2016
Public Broadcasting Services continues long, steady decline. Down $200k in #Budget2016
— Russell Brown (@publicaddress) May 26, 2016
A good Government would tax house speculation (Capital gains tax) to pay 4 more housing & ease speculation
— Helen Kelly (@helenkellyUnion) May 26, 2016
What a joke. National MPs clap for "healthy books". This is debt under Labour, then National. pic.twitter.com/QkSo4EUBne
— Julie Anne Genter (@JulieAnneGenter) May 26, 2016
Govt's Budget response to housing crisis a band aid response, falling well short of the bold solutions needed. #housingcrisis
— Phil Twyford (@PhilTwyford) May 26, 2016
A lot of "over four years" to make the numbers look bigger #Budget2016
— Idiot/Savant (@norightturnnz) May 26, 2016
— Isaac Davison (@isaac_davison) May 26, 2016
The funding for at-risk kids works out at $1.79 per week per kid, acc to the PPTA. https://t.co/vnxPAhi75g
— Max Rashbrooke (@MaxRashbrooke) May 26, 2016
'Bill's big, boring, durries Budget.'
— Duncan Garner (@DuncanGarnerNZ) May 26, 2016
This budget puts a mish mash of sticking plasters on serious housing, health+education problems. After eight years, that's it. #Budget2016
— Grant Robertson (@grantrobertson1) May 26, 2016
Bill English in the Budget: "Got two broken legs? Here's three band-aids."
— Rob Salmond (@rsalmond) May 26, 2016
— Eugenie Sage (@EugenieSage) May 26, 2016
Visualisation of the 2016 Budget is up now! https://t.co/eSaAnOBJii
— Keith Ng (@keith_ng) May 26, 2016
Key: Nats knows how to get spending under control
Cuts to health. Cuts to education. Nothing for homeownership. Middle NZ's share shrinking
— Clint Smith (@ClintVSmith) May 26, 2016
Hidden away in budget fiscal risk is the fact that the government is planning to sell state houses for tens of millions less than book value
— Trevor Mallard (@SpeakerTrevor) May 26, 2016
— Green Party NZ (@NZGreens) May 26, 2016
— New Zealand Council of Trade Unions (@TogetherUnionNZ) May 26, 2016
— New Zealand Labour (@nzlabour) May 26, 2016
Budget 2016: Andrew Little slams 'patch work' Budget https://t.co/u4mMAT9aID
— nzherald (@nzherald) May 26, 2016