Budget 2020

Budget Policy Statement

Wellbeing Budget Priorities

We are committed to delivering on our commitments in the Speech from the Throne, the Coalition Agreement between the New Zealand Labour Party and New Zealand First, and the Confidence and Supply Agreement between the New Zealand Labour Party and the Green Party of Aotearoa New Zealand. Budget 2020 is an opportunity for us to progress and deliver on these commitments.

In Budget 2019 we focused on five priority areas where evidence showed the greatest opportunity to make a real difference to the lives of New Zealanders. Budget 2019 made good progress in investing in these areas. Sustained investment is needed to tackle long-term infrastructure and social deficits. They are complex issues that cannot be fixed in a single Budget.

That is why we are continuing, and in some cases expanding, the work those priorities started. The Wellbeing Budget 2020 priorities were selected using a collaborative and evidence-based approach. Evidence from the Treasury's Living Standards Framework (LSF) was combined with advice from sector experts and the Government's Chief Science Advisors to identify areas where the greatest opportunities exist to make a difference to New Zealanders' wellbeing.

The Budget 2020 priorities are:

  • Just Transition - Supporting New Zealanders in the transition to a climate-resilient, sustainable and low-emissions economy
  • Future of Work - Enabling all New Zealanders to benefit from new technologies and lift productivity through innovation
  • Māori and Pacific - Lifting Māori and Pacific incomes, skills and opportunities
  • Child Wellbeing - Reducing child poverty and improving child wellbeing
  • Physical and Mental Wellbeing - Supporting improved health outcomes for all New Zealanders.
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