The New Public Finance: Wellbeing Based Budgeting
Brief
According to New Zealand’s deputy chief economic advisor, Dr. Tony Burton, wellbeing strategies need to focus on the finer points and policy execution, rather than just overarching concepts and strategies. He added that officials, and residents, need to roll up their sleeves and work on the smaller issues, rather than just discussing strategies and changes regarding wellbeing policy. Burton emphasized the need to focus on not only inspirational ideas and the bigger picture, but also on prioritizing smaller wellbeing concepts and systems that can be improved, such as reducing hospital-waiting times. Burton also explained that New Zealand’s wellbeing policy is largely based on a system from the OECD, but has incorporated additional elements, namely culture and a ‘sense of belonging’ to the policy.
DP World Hall
February 10, 2019 -
11:50 - 12:10
