Unveiling 'wellbeing' budget, New Zealand earmarks USD 2.5 billion spending in slowing economy
New Zealand on Thursday unveiled a $2.5-billion spending package under a much-hyped `Wellbeing` budget, prioritising mental health and alleviating child poverty, but it expects a smaller surplus and slower economic growth over the next year. Much of the excitement around the budget, touted as a world`s first that measures broader living goals, was dampened amid a national furore over hacking accusations after details were leaked ahead of its release. The opposition has called for heads to roll over the blunder.
May 30, 2019, 13:45 PM IST