A well-being fiscal Budget

India just presented its annual Budget along traditional lines. New Zealand just presented its annual Budget using a well-being framework. It is a path-breaking first attempt. What New Zealand has essentially done is to adopt an “overarching philosophical approach” as its conceptual basis and world view. It has used indicators contained in a Living Standards Framework (LSF) to assess well-being, and has used carefully delineated information for technical definitions and laborious data sets for chosen indicators that are currently accepted internationally as well-being criteria1. &.....

Key stories on business-standard.com are available to premium subscribers only.

Already a premium subscriber?

Subscribe to get an across device (Website, Mobile Web, Iphone, Ipad, and Android Phone applications) access to Premium content, Breaking News alerts, Industry Newsletters, Stock and Corporate news alerts, access to Archives and a lot more.