As of August 21, the Green Party has announced $8.5 billion in new spending. This is equivalent to $4,939 per person.
The most substantial policies from a fiscal perspective are the Greens’s social welfare package. The ‘Mending the Safety Net’ package, including a 20% increase in all benefits, changes to Working For Families entitlements, and the reinstitution of a training incentive allowance. The total cost of this package over the next parliamentary term is estimated at $4.3b.
The ‘Budget For All Mothers’, which includes extending paid parental leave and subsidising after-school care, will cost a further $234m.
Introducing a winter energy payment (similar to Labour) is estimated to cost $1.1b over three years.
The Greens have promised a $20 tourist levy on all foreign visitors. 75% of this revenue (or approximately $60m per annum) will go towards Predator Free New Zealand, and the remaining 25% ($20m per annum) to a Tourism Facilities Grant Fund.
Other major announcements include a commitment to the electrification of rail between Auckland, Tauranga and Hamilton at a cost of $860 million. A ‘Progressive Home Ownership Policy” will provide financing to people who cannot afford a deposit or a commercial mortgage. The cost of this policy is estimated at $67m per annum, although this does not take into account the high risk involved with providing subprime lending that the market will not take on.
A new ‘Policy Costings Unit’ within the Treasury will cost $1.5m per year and $2.5m in election years.
Labour and the Greens will both extend the Pay Equity settlement to mental health workers. This is estimated to cost approximately $63m per year (calculated as 5000 workers receiving a $6 per hour increase).
Trial a Tauranga-Hamilton-Auckland Train Service, costing $20m over five years.
The Student Green Card gives free public transport to students and is expected to cost $75m per year.
Note: The Bribe-O-Meter does not include Budget 2017 announcements as they are seen as the baseline.