The Budget's wellbeing focus means more focus on spending rather than revenue, says Deloitte chief executive Thomas Pippos.

"All Budget initiatives have a wellbeing aspect to them," he said.

While "wellbeing" was the label this Budget had been given it was likely to be more a case of "evolution not revolution", Pippos said.

This Thursday, Finance Minister Grant Robertson delivers what's being billed as the first ever wellbeing Budget.

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Based on the living standards framework developed by Treasury it will include reporting on the Crown's progress on environmental social and cultural issues - as well as the fiscal picture.

Liam Dann speaks to Deloitte NZ CEO Thomas Pippos about the 2019 budget.

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