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

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New Zealand unveils spending boost in 'wellbeing' budget; cuts 2019 growth forecastNew 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 Prime Minister Jacinda Ardern's government were released earlier by the opposition party. 'We are measuring our country's success differently,' said Finance minister Grant Robertson.


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