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In the wake of the government's Wellbeing Budget 2019 - Girol Karacaoglu, Head of School of Government, and Jonathan Boston, Professor of Public Policy in the School of Government, Victoria University of Wellington - consider the following key issues:
The 2019 Wellbeing Budget in Context - the 2019 Budget has focused on six priority areas, reflecting a major shift in thinking about public policy;
- Undeniable worrying trends (in terms of actual outcomes) in all major pillars underpinning wellbeing - the natural environment, our society, and our economy.
- Recognition that the current approach to public policy is inadequate to address these challenges.
- Redefinition of the objective of public policy - towards wellbeing.
- Redesign of the public policy framework - towards supporting "progressive capitalism".
- In this very context, rethinking the role of communities in the implementation of public policies.
- Alignment of the design and operation of public finance with the new public policy framework and modus operandi.
Focus on Child Poverty - Key Budget Initiatives and Future Challenges
- The rationale for focusing on child poverty.
- The Child Poverty Reduction Act 2018 and the government's intermediate and long-term poverty reduction targets.
- As assessment of whether recent policy measures, including those in the 2019 wellbeing budget, will meet the government's intermediate targets.
- An assessment of what additional policy reforms will be needed to meet government's long-term targets.
- The main long-term social policy challenges facing the current and future governments.
About the speakers:
Girol Karacaoglu - is the recently appointed Head of School of Government. He came to VUW from the New Zealand Treasury, where he was Chief Economist. Before then, he was the Chief Executive of the Co-operative Bank of New Zealand for nine years. His previous roles included General Manager at Westpac NZ, Chief Economist at the National Bank of NZ, and lecturer in Economics at Victoria University of Wellington. His academic fields of specialisation were in Monetary and Financial Economics, International Finance, Econometrics, Corporate Accounting and Finance. His current research interest is in public policy - an integrated approach to economic, environmental and social policies towards improving intergenerational wellbeing.
Jonathan Boston - is Professor of Public Policy in the School of Government at Victoria University of Wellington. His research interests include comparative government, social policy, child poverty, and climate change policy. He is a former Director of the Institute of Policy Studies and the Institute for Governance and Policy Studies.