Note — Jun 02, 2019

New Zealand’s Next Liberal Milestone: A Budget Guided by ‘Well-Being’

Fantastic new policy direction by New Zealand. It remains to be seen how much it actually brings changes and is not just a marketing spin—there are some discordant opinions in the piece—but even if only aspirationnaly and Overton window wise, it’s an important announcement.

That means that as the center-left government of Prime Minister Jacinda Ardern sets its priorities in the budget that will be unveiled on May 30, it is moving away from more traditional bottom-line measures like productivity and economic growth and instead focusing on goals like community and cultural connection and equity in well-being across generations. […]

Under New Zealand’s revised policy, all new spending must advance one of five government priorities: improving mental health, reducing child poverty, addressing the inequalities faced by indigenous Maori and Pacific islands people, thriving in a digital age, and transitioning to a low-emission, sustainable economy. […]