New Zealand has unveiled its new financial budget which places a heavy emphasis on the “wellbeing” of citizens, over economic growth or other priorities.

At an event on Thursday, Jacinda Ardern, the prime minister, and Grant Robertson, her finance minister, said billions of pounds will be spent on mental health services, child poverty, homelessness and domestic violence.

“One message I want to repeat is this – I have always said that politics is all about priorities. You have a limited budget and you have to try and balance the need to grow the economy, create jobs, balance the books, and look after our people and our environment,” Ms Arden said, according to the New Zealand Herald.

“This budget shows that you can do all of those things.”

New Zealand is the first western country to design its entire budget based on wellbeing priorities.

New Zealand shootings: Victims of Christchurch mosque terror attacks Show all 11 1 /11 New Zealand shootings: Victims of Christchurch mosque terror attacks New Zealand shootings: Victims of Christchurch mosque terror attacks Zakaria Bhuiyan People gather hoping to find out information about Zakaria Bhuiyan who is still missing after the mosques shootings in Christchurch. David Moir/AFP New Zealand shootings: Victims of Christchurch mosque terror attacks Mucad Ibrahim Three-year-old Mucad Ibrahim, the youngest known victim of the mass shooting at two mosques in Christchurch, New Zealand, on 15 March 2019. Abdi Ibrahim via AP New Zealand shootings: Victims of Christchurch mosque terror attacks Nadeem Rasheed Nadeem Rasheed, brother of Pakistani Naeem Rashid who died alongside his son Talha Naeem, 21, who were killed in shooting at a Mosque in Christchurch, at their home town in Abbottabad, EPA New Zealand shootings: Victims of Christchurch mosque terror attacks Omar Nabi Omar Nabi speaks to the media about losing his father Haji Daoud Nabi, 71, in the mosque attack REUTERS New Zealand shootings: Victims of Christchurch mosque terror attacks Ash Mohammed Ash Mohammed, right, talks to a police officer about his father and two brothers who are missing near the Masjid Al Noor mosque AP New Zealand shootings: Victims of Christchurch mosque terror attacks Akhtar Khokhur Akhtar Khokhur, 58, shows a picture of her missing husband Mehaboobbhai Khokhar, 65. AP New Zealand shootings: Victims of Christchurch mosque terror attacks Wasseim Alsati A note is seen on a window of a door at the family home of Wasseim Alsati in Christchurch on 17 March 2019. AFP/Getty Images New Zealand shootings: Victims of Christchurch mosque terror attacks Haroon Mahmood Relatives offer condolences to nephew (centre) of Haroon Mahmood, a Pakistani citizen who was killed in Christchurch mosque shootings. AP New Zealand shootings: Victims of Christchurch mosque terror attacks Farid Ahmed Farid Ahmed (pictured) survived the Al Noor mosque shootings but his wife Husne was killed. AFP/Getty Images New Zealand shootings: Victims of Christchurch mosque terror attacks Syed Areeb Ahmed A relative shows a picture of Syed Areeb Ahmed, a Pakistani citizen who was killed the Christchurch mosque shooting. AP New Zealand shootings: Victims of Christchurch mosque terror attacks Naeem Rashid A relative looks at a picture on a mobile phone of Pakistani nationals Naeem Rashid and his son Talha Naeem (right) who died in the Christchurch shootings. AFP/Getty Images

In a “significant departure from the status quo”, Mr Robertson said the government would commit almost $2 billion towards mental health funding, according to the New Zealand Herald.

This will include $455m to pay for mental health workers at health and doctors clinics to help people who have low to mid level mental health problems.

Another billion dollars will go towards child wellbeing, including increasing benefits, while measures to combat domestic violence also received a record investment of $320m, The Guardian has reported.

“For me, wellbeing means people living lives of purpose, balance and meaning to them, and having the capabilities to do so,” Mr Robertson said according to the newspaper.

“This gap between rhetoric and reality, between haves and have-nots, between the elites and the people, has been exploited by populists around the globe.”

New Zealand prime minister Jacinda Ardern meets with members of the Muslim community in the wake of the mass shooting at the two Christchurch mosques 16 March 2019. (EPA)

Prime Minister Arden was widely praised for her empathetic leadership in the wake of the Christchurch mosque massacre in which 51 Muslims were killed in an attack on two New Zealand mosques last March.

“Many of those affected will be members of our migrant communities – New Zealand is their home – they are us,” she tweeted in the aftermath.

Ms Arden received further praise when she paid for a mother’s shopping at a supermarket last month when the woman forgot her purse.

However Simon Bridges, leader of the opposition National party, has criticised the new budget, labelling it an overhyped “disappointment” with nothing in it for everyday New Zealanders.

“This is not a wellbeing budget,” he told The New Zealand Herald.