NZ Herald
  • Home
  • Latest news
  • Herald NOW
  • Video
  • New Zealand
  • Sport
  • World
  • Business
  • Entertainment
  • Podcasts
  • Quizzes
  • Opinion
  • Lifestyle
  • Travel
  • Viva
  • Weather

Subscriptions

  • Herald Premium
  • Viva Premium
  • The Listener
  • BusinessDesk

Sections

  • Latest news
  • New Zealand
    • All New Zealand
    • Crime
    • Politics
    • Education
    • Open Justice
    • Scam Update
  • Herald NOW
  • On The Up
  • World
    • All World
    • Australia
    • Asia
    • UK
    • United States
    • Middle East
    • Europe
    • Pacific
  • Business
    • All Business
    • MarketsSharesCurrencyCommoditiesStock TakesCrypto
    • Markets with Madison
    • Media Insider
    • Business analysis
    • Personal financeKiwiSaverInterest ratesTaxInvestment
    • EconomyInflationGDPOfficial cash rateEmployment
    • Small business
    • Business reportsMood of the BoardroomProject AucklandSustainable business and financeCapital markets reportAgribusiness reportInfrastructure reportDynamic business
    • Deloitte Top 200 Awards
    • CompaniesAged CareAgribusinessAirlinesBanking and financeConstructionEnergyFreight and logisticsHealthcareManufacturingMedia and MarketingRetailTelecommunicationsTourism
  • Opinion
    • All Opinion
    • Analysis
    • Editorials
    • Business analysis
    • Premium opinion
    • Letters to the editor
  • Politics
  • Sport
    • All Sport
    • OlympicsParalympics
    • RugbySuper RugbyNPCAll BlacksBlack FernsRugby sevensSchool rugby
    • CricketBlack CapsWhite Ferns
    • Racing
    • NetballSilver Ferns
    • LeagueWarriorsNRL
    • FootballWellington PhoenixAuckland FCAll WhitesFootball FernsEnglish Premier League
    • GolfNZ Open
    • MotorsportFormula 1
    • Boxing
    • UFC
    • BasketballNBABreakersTall BlacksTall Ferns
    • Tennis
    • Cycling
    • Athletics
    • SailingAmerica's CupSailGP
    • Rowing
  • Lifestyle
    • All Lifestyle
    • Viva - Food, fashion & beauty
    • Society Insider
    • Royals
    • Sex & relationships
    • Food & drinkRecipesRecipe collectionsRestaurant reviewsRestaurant bookings
    • Health & wellbeing
    • Fashion & beauty
    • Pets & animals
    • The Selection - Shop the trendsShop fashionShop beautyShop entertainmentShop giftsShop home & living
    • Milford's Investing Place
  • Entertainment
    • All Entertainment
    • TV
    • MoviesMovie reviews
    • MusicMusic reviews
    • BooksBook reviews
    • Culture
    • ReviewsBook reviewsMovie reviewsMusic reviewsRestaurant reviews
  • Travel
    • All Travel
    • News
    • New ZealandNorthlandAucklandWellingtonCanterburyOtago / QueenstownNelson-TasmanBest NZ beaches
    • International travelAustraliaPacific IslandsEuropeUKUSAAfricaAsia
    • Rail holidays
    • Cruise holidays
    • Ski holidays
    • Luxury travel
    • Adventure travel
  • Kāhu Māori news
  • Environment
    • All Environment
    • Our Green Future
  • Talanoa Pacific news
  • Property
    • All Property
    • Property Insider
    • Interest rates tracker
    • Residential property listings
    • Commercial property listings
  • Health
  • Technology
    • All Technology
    • AI
    • Social media
  • Rural
    • All Rural
    • Dairy farming
    • Sheep & beef farming
    • Horticulture
    • Animal health
    • Rural business
    • Rural life
    • Rural technology
    • Opinion
    • Audio & podcasts
  • Weather forecasts
    • All Weather forecasts
    • Kaitaia
    • Whangārei
    • Dargaville
    • Auckland
    • Thames
    • Tauranga
    • Hamilton
    • Whakatāne
    • Rotorua
    • Tokoroa
    • Te Kuiti
    • Taumaranui
    • Taupō
    • Gisborne
    • New Plymouth
    • Napier
    • Hastings
    • Dannevirke
    • Whanganui
    • Palmerston North
    • Levin
    • Paraparaumu
    • Masterton
    • Wellington
    • Motueka
    • Nelson
    • Blenheim
    • Westport
    • Reefton
    • Kaikōura
    • Greymouth
    • Hokitika
    • Christchurch
    • Ashburton
    • Timaru
    • Wānaka
    • Oamaru
    • Queenstown
    • Dunedin
    • Gore
    • Invercargill
  • Meet the journalists
  • Promotions & competitions
  • OneRoof property listings
  • Driven car news

Puzzles & Quizzes

  • Puzzles
    • All Puzzles
    • Sudoku
    • Code Cracker
    • Crosswords
    • Cryptic crossword
    • Wordsearch
  • Quizzes
    • All Quizzes
    • Morning quiz
    • Afternoon quiz
    • Sports quiz

Regions

  • Northland
    • All Northland
    • Far North
    • Kaitaia
    • Kerikeri
    • Kaikohe
    • Bay of Islands
    • Whangarei
    • Dargaville
    • Kaipara
    • Mangawhai
  • Auckland
  • Waikato
    • All Waikato
    • Hamilton
    • Coromandel & Hauraki
    • Matamata & Piako
    • Cambridge
    • Te Awamutu
    • Tokoroa & South Waikato
    • Taupō & Tūrangi
  • Bay of Plenty
    • All Bay of Plenty
    • Katikati
    • Tauranga
    • Mount Maunganui
    • Pāpāmoa
    • Te Puke
    • Whakatāne
  • Rotorua
  • Hawke's Bay
    • All Hawke's Bay
    • Napier
    • Hastings
    • Havelock North
    • Central Hawke's Bay
    • Wairoa
  • Taranaki
    • All Taranaki
    • Stratford
    • New Plymouth
    • Hāwera
  • Manawatū - Whanganui
    • All Manawatū - Whanganui
    • Whanganui
    • Palmerston North
    • Manawatū
    • Tararua
    • Horowhenua
  • Wellington
    • All Wellington
    • Kapiti
    • Wairarapa
    • Upper Hutt
    • Lower Hutt
  • Nelson & Tasman
    • All Nelson & Tasman
    • Motueka
    • Nelson
    • Tasman
  • Marlborough
  • West Coast
  • Canterbury
    • All Canterbury
    • Kaikōura
    • Christchurch
    • Ashburton
    • Timaru
  • Otago
    • All Otago
    • Oamaru
    • Dunedin
    • Balclutha
    • Alexandra
    • Queenstown
    • Wanaka
  • Southland
    • All Southland
    • Invercargill
    • Gore
    • Stewart Island
  • Gisborne

Media

  • Video
    • All Video
    • NZ news video
    • Herald NOW
    • Business news video
    • Politics news video
    • Sport video
    • World news video
    • Lifestyle video
    • Entertainment video
    • Travel video
    • Markets with Madison
    • Kea Kids news
  • Podcasts
    • All Podcasts
    • The Front Page
    • On the Tiles
    • Ask me Anything
    • The Little Things
  • Cartoons
  • Photo galleries
  • Today's Paper - E-editions
  • Photo sales
  • Classifieds

NZME Network

  • Advertise with NZME
  • OneRoof
  • Driven Car Guide
  • BusinessDesk
  • Newstalk ZB
  • Sunlive
  • ZM
  • The Hits
  • Coast
  • Radio Hauraki
  • The Alternative Commentary Collective
  • Gold
  • Flava
  • iHeart Radio
  • Hokonui
  • Radio Wanaka
  • iHeartCountry New Zealand
  • Restaurant Hub
  • NZME Events

SubscribeSign In
Advertisement
Advertise with NZME.
Home / New Zealand

Feasting on snacks at a Budget banquet

23 May, 2002 12:23 PM4 mins to read

Subscribe to listen

Access to Herald Premium articles require a Premium subscription. Subscribe now to listen.
Already a subscriber?  Sign in here

Listening to articles is free for open-access content—explore other articles or learn more about text-to-speech.
‌
Save

    Share this article

AUDREY YOUNG had an early look at the Budget, and some Budget traditions.

It's 1.15pm and the journalists who will deliver judgment on Michael Cullen's third Budget have already digested it and are happily swapping one-liners over the savories and teacups in the Banquet Hall.

"Almost as boring as the last one,"
says an Australian press gallery reporter who prefers not to be named.

"I think I'll pull out last year's story and just change some of the numbers."

"I wish I'd brought something to read," says a television reporter with a short attention span.

"The blank Budget," offers another for a neat summary of Dr Cullen's work.

"How about Dull and Duller?"

It's the annual ritual of "the Budget lockup" and it requires unbelievable sacrifice.

About 80 finance and political journalists must surrender their cellphones at 11.30am for 2 1/2 hours to get a head start on the Budget.

The literature is a pile of five thick books of outlooks, forecasts, strategies, updates, assumptions and scenarios, as well as the Budget speech.

Stories are typed ready into laptops but nothing can be sent away for publication until the relevant words have literally rolled off Dr Cullen's tongue. This is why it is called a rolling embargo.

Dr Cullen comes in part way through the lock-up to answer questions.

He is dressed enigmatically in mauve and is shadowed by associate Trevor Mallard, dressed even more enigmatically in mauve.

"My shirt was purple, his was white and they got washed together," Mr Mallard explains on his way out.

This is as believable as his statement that he is not mad at secondary school teachers taking wildcat strikes - who were represented in special Budget Day protest outside Parliament.

It is impossible to hear the questions thrown to Dr Cullen and a little difficult to hear the answers. The acoustics in the curved room wrapped on the outer of the Beehive are poor.

The 70s-style chandeliers double as a speaker system, which is not surprising given that the same hall displays a giant wool carpet on its foyer wall. Its wooden floor, pitted with stiletto heel marks, suggests it has seen sexier days than Budget lockups.

Dr Cullen's officials, the Treasury, are the Banquet Hall hosts.

This year the rules are stipulated in writing: "Treasury officials are on hand to answer questions - all answers are to be on a non-attribution basis. Treasury officials are here to inform, not engage in political debate."

Believe it or not, it is signed by Chris Money. Oh well, at least it wasn't Richie Rich.

An education official is also on hand to answer queries about tertiary education - Eru Dite perchance?

Some helpless young Treasury official is called over by grumpy Herald commentator Colin James who is annoyed that a loose-leaf forecast table is in March years when the Budget is in June years. Unaccountable silliness.

Where is the June table, he asks. See page 36, is the answer he needs.

The heart rate quickens in Herald colleague Fran Mold, a former health reporter. She believes she might be on to some deceptive figures tucked into the health vote. She makes more inquiries of an unnamed Treasury official and is eventually satisfied the figures stack up.

Colin James recalls that Sir Robert Muldoon instigated the Budget lock-up when he delivered Budgets at 7.30pm.

Traditions have changed. Those were the days when the Herald editor would receive an embargoed copy at 6pm.

Senior staff would gather around in his office (it has always been a "his") and listen to him read the Budget out loud.

Colin James was himself locked out of a lock-up. He was editor of National Business Review, in a previous incarnation, which Muldoon regarded at the time as "the Sunday News of the financial press" and barred them.

The next Finance Minister, Roger Douglas, continued the 6pm lock-up but plied journalists with sumptuous food and alcohol.

No such luck these days. As one would expect of a Treasury lunch, no modesty is spared.

Chunks of feijoa and pears, club sandwiches, and sausage rolls (cut in quarters), and tea and coffee are offered after Dr Cullen has left.

Nouvelle cuisine might have been a better match for this year's Budget, suggests a colleague.

"Looks nice but not much substance."

Full Herald coverage:
nzherald.co.nz/budget

Budget links - including Treasury documents:
nzherald.co.nz/budgetlinks

Advertisement
Advertise with NZME.
Advertisement
Advertise with NZME.
Save

    Share this article

Latest from New Zealand

New Zealand

'All I could do was watch and pray': Auckland priest wakes at 2am to his church ablaze

13 Jul 10:47 PM
Christchurch

Road-rage attack: Police appeal for more information after motorway assault

13 Jul 10:47 PM
New Zealand

Small Kiwi distillery outshines rap legend Snoop Dogg in world gin awards

13 Jul 10:44 PM

From early mornings to easy living

sponsored
Advertisement
Advertise with NZME.

Latest from New Zealand

'All I could do was watch and pray': Auckland priest wakes at 2am to his church ablaze

'All I could do was watch and pray': Auckland priest wakes at 2am to his church ablaze

13 Jul 10:47 PM

The attached primary school is closed as investigators determine the cause.

Road-rage attack: Police appeal for more information after motorway assault

Road-rage attack: Police appeal for more information after motorway assault

13 Jul 10:47 PM
Small Kiwi distillery outshines rap legend Snoop Dogg in world gin awards

Small Kiwi distillery outshines rap legend Snoop Dogg in world gin awards

13 Jul 10:44 PM
Farmers help foodbanks with milk and meat donations

Farmers help foodbanks with milk and meat donations

13 Jul 10:30 PM
Solar bat monitors uncover secrets of Auckland’s night sky
sponsored

Solar bat monitors uncover secrets of Auckland’s night sky

NZ Herald
  • About NZ Herald
  • Meet the journalists
  • Newsletters
  • Classifieds
  • Help & support
  • Contact us
  • House rules
  • Privacy Policy
  • Terms of use
  • Competition terms & conditions
  • Our use of AI
Subscriber Services
  • NZ Herald e-editions
  • Daily puzzles & quizzes
  • Manage your digital subscription
  • Manage your print subscription
  • Subscribe to the NZ Herald newspaper
  • Subscribe to Herald Premium
  • Gift a subscription
  • Subscriber FAQs
  • Subscription terms & conditions
  • Promotions and subscriber benefits
NZME Network
  • The New Zealand Herald
  • The Northland Age
  • The Northern Advocate
  • Waikato Herald
  • Bay of Plenty Times
  • Rotorua Daily Post
  • Hawke's Bay Today
  • Whanganui Chronicle
  • Viva
  • NZ Listener
  • Newstalk ZB
  • BusinessDesk
  • OneRoof
  • Driven Car Guide
  • iHeart Radio
  • Restaurant Hub
NZME
  • About NZME
  • NZME careers
  • Advertise with NZME
  • Digital self-service advertising
  • Book your classified ad
  • Photo sales
  • NZME Events
  • © Copyright 2025 NZME Publishing Limited
TOP