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Dr Sea's avatar

MBIE spent years and millions of $ to develop an “energy wellbeing” framework and reporting metrics. After only 1 year of reporting on ever-increasing energy hardship, both the terms and the reporting have been sh*tcanned by this govt. If you don’t measure poverty, it doesn’t exist or something?! The sweet irony is that several other countries have since taken up our measurements and terminology.

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Andrew Riddell's avatar

7 July is the final day for submissions to the Finance Select Committee on proposed changes to the Public Finance Act which include removing the need for wellbeing to be considered as part of fiscal responsibility and a 4 yearly state of wellbeing report to be provided by Treasury. Evidently Treasury find this too hard to do.

To me though, deleting wellbeing considerations from the Public Finance Act begs the question - what is the point of public finance (and the economy generally) if it is not wellbeing?

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