14th May 2020
COVID-19 will have many implications for Budget 2021. Not least should be the recognition of the need for a functioning society for all underpinned and supported by a vibrant and sustainable economy. Last year, New Zealand’s Government launched its first “wellbeing budget”, basing its allocations on wellbeing priorities for its citizens. Speaking at the launch, the Finance Minister stated: “Success is making New Zealand a great place to make a living and a great place to make a life”. Could such an approach work for Ireland? We believe it could, and it seems that the parties discussing the formation of a new Government agree. Here, we discuss some practical proposals that can be introduced in Budget 2021 that will deliver such a Wellbeing Budget.