Grant Robertson faces a unique challenge: cushioning the economy from the fallout from Covid-19 in an election year and keeping wellbeing a priority
When Grant Robertson, New Zealand’s finance minister, unveiled his last annual budget he told the country that its success would no longer be measured by economic growth and productivity, but instead by the wellbeing of the nation’s population.
A year on and one day before he reveals his new spending plan, Robertson’s so-called wellbeing budget – a concept he intended would frame his fiscal policy for every future year of his term managing the country’s books – faces an extraordinary and unexpected test: a dire global economic outlook caused by the Covid-19 pandemic, with local jobless numbers already topping those seen during the 2008 global financial crisis.
Continue reading...from The Guardian https://ift.tt/3fIDXtN
via
0 Comments