New Zealand unveils spending boost in ‘wellbeing’ budget; cuts 2019 growth forecast

FILE PHOTO: New Zealand's Prime Minister Jacinda Ardern smiles as she attends the World Economic Forum (WEF) annual meeting in Davos, Switzerland, January 22, 2019. REUTERS/Arnd Wiegmann

WELLINGTON (Reuters) – New Zealand unveiled plans on Thursday to spend up to NZ$3.8 billion ($2.47 billion) a year under its ‘wellbeing’ approach, which the government has touted as a new way of budgeting that moves beyond measuring just economic growth. Much of the excitement around the ‘wellbeing’ budget was dampened after some plans of […]

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