What is the Wellbeing Budget?

Last week, the Prime Minister attended the World Economic Forum at Davos. 

She used the opportunity to represent New Zealand on the world stage – and to promote our upcoming Wellbeing Budget 2019.

With this Budget, we're doing things differently.

We don’t think you can measure the success of a country through dollars and cents alone.

So – we’re widening our focus.

Alongside GDP, we will measure ourselves against five key priorities that will make real improvements to the lives of New Zealanders. We’ve used evidence to identify the five areas we can make the greatest difference.

Boosting Innovation, Creating Opportunities, Backing Māori & Pasifika, Supporting Mental Health, Improving Child Wellbeing

Boosting innovation

Supporting a thriving nation in the digital age through innovation, social and economic opportunities.

Creating opportunities

Assisting productive businesses, regions, iwi and others to transition to a sustainable and low-emissions economy.

Backing Māori & Pasifika

Lifting Māori and Pacific incomes, skills and opportunities.

Supporting Mental Health

Supporting mental wellbeing for all New Zealanders, with a special focus on under 24 year-olds.

Improving Child Wellbeing

Reducing child poverty and improving child wellbeing, including addressing family violence.

We will continue to measure economic growth, balance our books responsibly, run a healthy surplus, and spend well within our means.

However, this widened focus will require any Minister that wants to spend money to prove this investment will improve inter-generational wellbeing.

It's an approach led by kindness and compassion – and it's simply the right thing to do.