Budget 2021 will be delivered on Thursday, May 20.
“My focus continues to be on making sure spending is targeted at the areas and people that need it the most,” Finance Minister Grant Robertson said.
“We will manage the books carefully including ensuring we are getting value for money in all areas of Government spending and reprioritising spending where appropriate.
“We will also continue the balanced approach to invest in strong public services and addressing issues like housing, while keeping a lid on debt.”
Robertson said the Budget will focus on the Government’s overarching objectives for this Parliamentary term which are: continuing to keep New Zealand safe from COVID-19, accelerating the recovery and rebuild and addressing key issues like climate change, housing affordability and child poverty.
Wellbeing Objectives, which are now a requirement under changes made to the Public Finance Act, underpin budget decisions.
The 2021 Wellbeing Objectives are:
- Just Transition to a Low Carbon Economy
- Future of Work: Lifting Productivity and Innovation
- Lifting Maori and Pacific Incomes and Opportunities
- Reducing Child Poverty and Improving Child Wellbeing
- Improved Mental and Physical Health Outcomes