The 2019 Wellbeing Budget is set to broaden New Zealand’s focus beyond economic and fiscal policy
“We need to address the societal wellbeing of our nation, not just the economic wellbeing” Jacinda Ardern, Prime Minister of New Zealand
The 2019 Wellbeing Budget is hailed by many as a landmark of its time for its undeterred focus on the social sector. [1] The intent for this budget, which is set to be handed down May 30 2019, is to go beyond GDP per capita and debt to GDP ratios to analyse the wider effects on people’s wellbeing and the state of the environment in an intergenerational way.[2] Although New Zealand have GDP growth rates that many countries would envy, for many New Zealanders it has been thought this GDP growth (and previous years budgets) have not translated into higher living standards or better opportunities.[3]
New Zealand is the first western country to design and implement its entire budget around wellbeing initiatives and also instruct its ministries to propose policies to enhance wellbeing for the country. This year’s Budget winner’s are set to be education, health and environmental industries. The top five priorities of the budget are outlined as follows:
1. Creating opportunities for productive businesses, regions, iwi and others to transition to a sustainable and low-emissions economy
2. Supporting a thriving nation in the digital age through innovation, social and economic opportunities
3. Lifting Māori and Pacific incomes, skills and opportunities
4. Reducing child poverty and improving child wellbeing, including addressing family violence
5. Supporting mental wellbeing for all New Zealanders, with a special focus on under 24-year-olds
The wellbeing approach
The nation enjoys being the third freest economy in the world, and as such, ranks first globally for ease of doing business. The Wellbeing Budget will broaden the focus beyond economic and fiscal policy by using the Treasury’s Living Standards Framework to inform the governments’ investment priorities and funding decisions [4] on complicated issues including climate change, inequality and child poverty. Through effective planning and decision making to combat these issues, it will enable the best choices for current and future generations beyond economic growth and successfully embed wellbeing into the public policy.
While it has been rumoured government agencies have been siloed when seeking budget funding, the Ardern government have introduced a new framework to combat this rumour and encourage a collaborative funding process. This process involves ministers submitting joint proposals with their colleagues for funding requests and enables social issues such as Domestic Violence to receive dedicated and well-rounded funding.
Interestingly, since the Wellbeing Budget was first announced 13 December 2018, there have been 600+ mentions across broadcast and print. Unsurprisingly, Minister of Finance, Grant Robertson has been leading the conversations with 43 per cent alongside Prime Minister, Jacinda Ardern with her share of voice being 29 per cent. The wellbeing budget is surely getting a lot of airtime with 34 per cent of all mentions being across broadcast channels.
At the heart of the Wellbeing Budget is the Living Standards Framework (LSF) – a new dashboard of indicators to be used to advise successive governments’ how their policy choices affect New Zealanders over time and by using this framework, it will effectively embed wellbeing in New Zealand’s public policy. In addition, the Ardern government is being guided by other indicators, including the new Child Poverty Reduction Act which obliges the Minister of Finance to report at each budget how the country is tracking on a set of child wellbeing and poverty measures. The current Minister of Finance Grant Robertson will be the first finance minister to do so.
Beyond GDP
Historically, GDP was never intended as a measure of societal progress and it’s only quite recently that alternative measures of societal progress have been developed and a global “beyond GDP” has emerged.
Internationally, this has led to the UN Sustainable Development Goals, the OECD Better Life Index and the Canadian Index of Wellbeing. Having these goals allow countries to track their progress towards aspirational goals including good health, superior education and wellbeing.
For a country that is socially progressive, it has taken a long time for the NZ political system to discuss wellbeing and the roles of values. Other taxpayers’ interests such as tourism, housing, immigration and education are also high on the list and the government has a great opportunity to reframe its budgets around the anticipated effect of the policies they’ve announced.
So, is the wellbeing budget a new way to measure the success as a country or is it just the introduction of another ‘first’ to keep the momentum going as a forward-thinking country?
If you would like to learn more about how you can stay across the wellbeing budget or any other topic, get in touch with us today
Loren is an experienced marketing professional who translates data and insights using Isentia solutions into trends and research, bringing clients closer to the benefits of audience intelligence. Loren thrives on introducing the groundbreaking ways in which data and insights can help a brand or organisation, enabling them to exceed their strategic objectives and goals.
Next week’s Federal Budget has many Australians wondering how they will be affected.
The government has strongly advocated for building a more resilient economy than their predecessors, yet in recent months, the economy is suffering due to a rapid rise in inflation. This has pushed up interest rates and is squeezing the cost of living with both consumers and businesses feeling the pressure.
Following groceries, the leading financial stressors for Australians are petrol, rent, mortgage payments and energy bills. And just to make ends meet, Aussies are making more considered purchases, seeking higher paying employment or working multiple jobs. Australians are already anxious about inflation with growing concern there’s no end in sight.
Will the government restore their trust in Australians and keep their pre Federal Budget promises?
Cost of living crisis
Latest data from CHOICE’s Consumer Pulse survey, revealed that cost of living pressures are a major concern, with 90% of Australians seeing an increase in their household bills and expenses over the past year.
Inflation pressures are intensifying and the Reserve Bank of Australia (RBA) continues to drive up interest rates - their highest level in 7 years. The government has promised a long-term and sustainable approach to cost of living support in the form of a relief package.
Concerned about their mortgage payments, up to a third of mortgage holders could struggle to keep up with future repayments, with younger generations particularly concerned about surging interest rates.
Using Isentia data, during an eight week period from early August to early October 2022, 18% of Australia’s front pages featured cost of living stories. Even in a time of large local and international news such as the war on Ukraine and the Optus security breach, the cost of living crisis was still making front page news.
According to Pulsar data, anxieties around the cost of living, peaked following the RBA's interest rate announcements on 4 September and 4 October. For the sixth consecutive month, Australians have had to tighten an already lean household budget.
Apprehensions around security increased on 24 September as a result of the Optus security breach and again on 10 October when the government announced changes to the country's defence projects. Also on 10 October, cost of living concerns spiked after growing speculation surrounding the Stage 3 tax cuts being recalibrated. Australians also felt a heightened sense of unease after the announcement of a future surge in energy costs, following a recent 35% rise.
Anxieties surrounding topics mentioned by the government. Source: Pulsar
Childcare fees are at their highest in 8 years, with child care subsidies failing to keep out of pocket costs to a minimum. On 16 September, conversation around child care spiked, as Treasurer Jim Chalmers promised to reduce the cost of childcare, yet pledged to keep spending restrained in light of budgetary constraints.
As part of the cost of living relief package, this reduction won't come into play until mid 2023. Can Australian families wait this long?
Problematic climate conditions such as excessive rain and floods are leading to localised food price increases and diminished food quality. Even in the same area, poorer households are faring far worse than affluent counterparts. Across the board, there has been a surge in the cost of fruit and vegetable prices (7.3%) and meat, seafood and bread rising by 6.3%.
On top of these climate issues, labour shortages in both warehousing and transportation have resulted in added disruption to the supply chain. Freight costs are on the rise, putting intense pressure on importers and exporters.
Are Aussie consumers looking at a continued supply chain that is more disruptive than the 2020 toilet paper shortage? The rise in the cost of living weighs on households' spending, and Australians are seeking alternate ways to make extra cash.
The thrifty shopper
As the cost of living rises, many Australians are seeking alternate ways to make or save cash; trimming budgets where they can; cancelling home entertainment subscriptions, and reducing insurance coverage for lower fees to name a few. Purchases at all levels are becoming more involved and highly considered, with discounts heavily sought after.
As Millennials and Gen Z shoppers are gaining more buying power, their passion for sustainable commerce is stronger than ever. Selling personal items to make extra cash has been on the rise with retail e-commerce platforms such as Facebook Marketplace and ‘Recommerce’ platforms like AirRobe, are booming. Not only are Australians becoming more financially savvy, they are conscious of the need to ‘reduce, reuse and recycle’ - a criteria these platforms adopt.
Following the money
There’s no doubt that inflation is changing salary expectations. And for those in industries where movement and remote working is possible, many Australians are following the money.
Data from the Reserve Bank of Australia, shows organisations have reported higher rates of employees leaving to achieve higher pay packets as a way to provide temporary relief for the rise in cost of living. Interestingly, this higher voluntary turnover was especially concentrated in professional services.
In response to labour shortages, organisations are implementing a range of non-base wage strategies - e.g bonuses, flexible work practices, more internal training and hiring staff with less experience, as opposed to increasing base wages.
Australian Bureau of Statistics (ABS) figures also show Australians are taking on multiple jobs, as full-time work forces employees to juggle several roles to make ends meet. Although multiple job holding is more common in low-paid industries, a record high of 900,000 people held multiple jobs in the June quarter of 2022.
This is an increase of 4.3 per cent from the previous quarter and is a reflection of wages growth stagnating and nominal wages barely keeping up with consumer prices. The result; people needing to work more hours to make ends meet.
Using data insights from Pulsar, wages is one of the ‘most anticipated’ topics in this year’s Budget. The Wage Price Index (WPI) rose 0.7 per cent in the June quarter and 2.6 per cent over the year, which represented a substantial fall in real wages given inflation rose 6.1 per cent last quarter.
Social media conversation around wages is evolving with other indicators suggesting wages are still climbing alongside extreme uncertainty surrounding global growth and rampant inflation.
Will Australians see more dollars in their pocket after the Budget is handed down?
The "most anticipated" topics in this year's Federal Budget. This is a visual representation of the conversation frequency of topics over time. Source: Pulsar
Australians taking action
With Australians taking a greater interest in living a sustainable lifestyle, the government and organisations are prompted to influence the lever of positive change and create actionable outcomes.
Despite a great deal of politicians pledging change, governments are often swayed by the media and public opinion which can derail policies wanting to address complex, longer-term challenges. Millennials and Gen Zs have long pushed to see societal and economic change.
Results from the 10th Annual Deloitte Global 2022 Gen Z and Millennial Survey shows they are increasingly becoming more politically involved. These influential cohorts are progressively showing interest in political issues, and turning to social media to discuss their opinions. Moreover, they are consciously making calculated career decisions and spending their money with organisations who share the same values.
The top keywords used by key communities discussing the Federal Budget online.Source: Pulsar
Social engagement shows left wing millennials are showing concern over the budget and economic issues, with Treasurer, Jim Chalmers gaining the most chatter. Similarly, baby boomers are equally vocal, using the same keywords as millennials but they also seek strong leadership and a strong economy.
For younger demographics, their interactions or relationships with organisations is dependent on the organisation's treatment of the environment, their policies on data privacy and their position on social and political issues.
For governments, tackling environmental, economic and social issues and their impact requires a huge transformation across all sectors. Market forces alone will not solve the problem, and the onus is on governments to take a lead to meet the sustainability challenge.
The October Federal Budget is an opportunity for the government to show they are the lever of change by creating actionable outcomes and a positive impact. Australians are concerned for the welfare of the country and previous governments have fallen short.
The government promises to back clean energy and build new renewable infrastructure across the country, will they succeed or disappoint?
The Federal Budget can be an overwhelming time, with an abundance of promises and policies, it can be hard to stay on top of the latest news. We have a comprehensive range of political news services available to help you navigate the political media coverage at this October Federal Budget. Want to learn what’s being said at this Federal Budget?
Click hereto start navigating the announcements that may impact your organisation.
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Blog
How concerned are Australians about the Federal Budget?
The upcoming October Federal Budget has many Australians wondering how they will be affected.
The end of the financial year is drawing closer, budgets have been forecast and approved – how will you target your spending in FY20?
A new financial year provides a great opportunity to review your results and reflect on your approach with some concrete performance data that can both prove value delivered and help you make the case for more.
While performance is a critical measure, it’s also a great time to address any internal processes and procedures that may be working against you or impacting other departments and staff. From operating systems and day-to-day workflow to crisis plans and business ready-ness protocols, the opportunity to communicate better throughout your business as well as outside of it can be extremely valuable.
So, when it comes time to evaluate what worked well and what didn’t in FY19 and plan for a successful FY20, here’s some first steps to help you get started:
Set your intentions
Set an intention to celebrate the wins and identify the opportunities to pivot where necessary. Even if you had a great FY19, you want it to grow and have even more success in FY20. If you have a business strategy already for the new financial years, are there areas that you could focus on to have greater impact on the bottom line?
Make a list of questions
Being intentional about your process sparks creativity and prevents the business from overlooking important pieces of information.
What are your overall achievements?
How did they impact business growth?
What were the key learnings from FY19?
What were the biggest disappointments?
Did you implement a strategy to pivot or constructively address the disappointments?
What products/services will be launched in FY20?
Did your messaging cut through, and if so, was the audience right?
How did your audience feel about your products, services and people – and what insights can you tell other departments like R&D, sales or the C-Suite that could help course correct some of the sentiment?
Did you have unexpected expenditures due to a PR crisis, and can you better prepare if this something else happens in FY20?
How sustainable are you as a business and are there long-term strategies you could start now that would put you in better shape?
Do you need to revisit some of your relationships with key conte Identify your metricsnt publishers, journalists and influences?
Are there areas that could benefit from expenditure over others?
What do you need to pull together to demonstrate what was achieved, and what could be achieved if your new FY20 plan is supported by leadership?
Identify your metrics
What will you use to measure your professional performance? Alongside your business statements and PnL, other measures like online traffic, media reach, customer sentiment and , sales figures, new subscribers and event attendees.
Carefully review your metrics and ascertain what contributed to your growth, as well as best practices for further growth. Assess the reasons for churn and identify areas for improvement. Are there any other tools and resources you can add to your metrics dashboard?
Review your FY19 goals
Identify which goals are worth keeping, which are to be eliminated and where energy will be most effective. This list of goals should be SMART (specific, measurable, achievable, relevant and timely) and include short- and long-term timeframes. Goals or priorities for the coming year may be different from the previous year, whether it be hitting a certain new audience, building a certain leader’s profile, a successful new product launch or just staying ‘out’ of certain conversations and stories, these goals are key for your business’ success.
Time for innovation
It can be said that growth invariably comes from innovation. With so much pressure to perform well and report on performance, a different approach to communications tactics and tools can promote greater levels of innovation and encourage a more collaborative environment that welcomes new ideas while ensuring the business keeps up with modern changes. It doesn’t have to be world changing, it could be looking at new audiences, automation, the use of video or updating onboarding programs with all staff media training. The goal here is to think differently, challenge ideas and stay competitive.
Use technology to your advantage
Understand what is being said about your business, how your audiences respond to or feel, and how you fare against your competitors. Our Mediaportal platform provides a full range of reporting and analytics allowing you to identify the most relevant audiences, the hot topics that need attention and what issues may be impacting your business, as well as additional insights born from your media coverage. This information is useful in planning your future tactics, leverage existing pools of success and continue to stand apart from the competition. Along with these always-on metrics in Mediaportal, our insights reports can provide the quantitative analysis needed to reflect on the year past with a comprehensive overview of share of voice, audiences and reach as well as month-on-month trends, media influence and positioning against competitors. Such reports provide a greater snapshot of your efforts and will assist with setting your benchmarks, goals and budgets for the year ahead.
By gaining a better understanding of what has been achieved and the potential areas for improvement, you will be able to establish an appropriate budget based on your objectives and provide a successful FY20 for your business.
Want to learn more about how to measure the effectiveness of your business and how to plan for your FY20? Let our team show you how,get in touch today.
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Blog
How to plan for your FY20 budget and show off your hard-earned media
The end of the financial year is drawing closer, budgets have been forecast and approved – how will you target your spending in FY20?
The HKSAR Government announced the Hong Kong Budget 2019 on late February 2019. Looking ahead on 2019, Hong Kong should endeavour to diversity its economy and sustain growth in economic performance. In this whitepaper, we will look into the key takeaways of this year’s budget and what society concerns about this budget.
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Whitepaper
What are the societal concerns with the 2019 Hong Kong budget?
Looking ahead on 2019, Hong Kong should endeavour to diversity its economy and sustain growth in economic performance. In this whitepaper, we will look into the key takeaways of this year’s budget and what society concerns about this budget.
The advent of LLMs and AI search means that there has been a colossal shift in how audiences are consuming information today, and a reciprocal shift in how all types of organisations, from government agencies to brands are responding . But while discussion amongst PR and comms pros tends to fall disproportionately on how brands are impacted, the needs of the former are just as keenly felt, and often quite distinctive.
So how can government agencies respond, especially in a time of global flux, when major policy changes need to be communicated and important stakeholders need to be managed? After all, government organisations do care about reputation, much as brands do, but have quite distinctive goals when it comes to ensuring accurate information reaches the right audiences.
There is a new entry point for stakeholders
The era of "Let me Google that" is rapidly fading. Instead of clicking through to official websites, people are asking chatbots for direct answers. What’s striking is that government agencies often have no visibility on how they’re being talked about in the LLM space, even as it becomes a central channel for messaging and reputation.
When AI models become the primary gatekeeper, audiences bypass official portals entirely — driving down site traffic and leaving agencies vulnerable to misinformation, negative sentiment, or worse, being left out of the conversation altogether.
Therefore, the entry point is different. For commercial brands, this shift is profound but in some ways mediated – an FMCG brand, for instance, often discovered through third-party platforms in any case. But for government entities, the stakes are entirely different. As the sole, authoritative source for public information, they need citizens on their websites to get accurate details. Government agencies, especially if they are the authority or regulator in a particular industry or sector, need to make sure audiences know where to go to get the right information.
Different types of government agencies have different considerations
Not all government agencies are alike, and they all have different parameters that are quite non-negotiable for them, just by the way they function.
Service delivery agencies - these rely heavily on content freshness. They can’t risk outdated sources impacting eligibility or process changes not reaching audiences.
Regulators - these need to transmit authority and trust. Regulators have to make it a priority that they’re amongst the first place audiences go to for information and that the industry they’re regulating does not put them in the shade on the channels stakeholders are actually using
Policy departments - did the AI's account of a policy match what was actually announced? They want to be able to make sure the accuracy of a policy (and ideally, its effectiveness) is translated when audiences search through LLMs.
Local and state authorities want to make sure the services they carry out on behalf of locals are visible too. Much like service providers, there is a question around access and awareness of programmes and regulations, but also an added consideration: not appearing on LLMs discontent amongst those wishing to see a return on taxation and electoral mandates, and give credence to bad actors.
What do government agencies want to get out of this new LLM-mediated landscape?
Reputation is important, but that exists downstream from maintaining a flow of accurate information. It’s useful for communications teams in government organisations to self reflect and ask themselves the following questions:
Where are citizens going to find information about your services if not your website — and do you know what they're being told?
If there was a significant policy change or incident in the last twelve months, do you know how it's currently being characterised when someone asks an Al tool about your agency?
When you communicate a major service change or policy update, do you have any way of measuring whether it’s surfacing in searches about you?
How do you currently understand the gap between what your agency publishes and what citizens actually receive when they search for information?
Are there community groups, advocacy organisations, or media outlets shaping perception of your agency - and do you know if that's feeding into what Al models say?
These are gaps they already realise, but they don’t actually know what to do about it – how to manage or measure them. They need a tool that allows them to know this critical piece of information and make informed decisions.
Ngaire Crawford, Pulsar Group’s Executive Director for AI Strategy says, “It’s easy to disregard LLM reputation as part of a difficult AI landscape or something that is only really relevant to more product-based communication or marketing. Government communications is about social licence, and ensuring the public have access to up to date and accurate information about things that matter to them, the role that Generative AI plays in how a community understand an issue will only continue to grow, and knowing the impact that you can have in that through small shifts in channel strategies or more consistent messaging is a crucial part of the communications toolkit.”
Lumina AI View: AI visibility for PR & Comms
Lumina AI view is built for communicators who want to understand how their organisation and their competitors are being talked about by various AI models – including ChatGPT, Gemini, and Claude. AI View users get an insight into which sources are being cited, and how they would need to respond as a way of protecting their reputation or making sure correct information about them is being disseminated.
The tool provides an AI view score — a composite metric ranging from zero to 100, designed to help track brand performance over time and facilitate comparisons against competitors. It is calculated using five weighted factors — sentiment, visibility, authority, dominance and freshness. Beyond the overall score, the platform provides a summary of a brand's AI narrative based on four distinct reputation pillars — direction, performance, integrity and innovation.
These pillars help users identify exactly which dimension of a brand's reputation is under pressure, offering specific, actionable insights for board presentations or reviews. Ultimately, while the AI view platform provides the necessary intelligence, the strategic decisions regarding how to respond to these insights remain with the organisation.
Spotlight: An Australian Council
This progressive local government council is located in Australia’s leading center for culture and sports.
The council earned an AI view score of 74 reflected by strong reach and authority. Publications like CBD News and its own website are the most cited by LLMs — interestingly, most of them being cited by Claude.
Content freshness scored lower at 48. Their website still carries error pages and annual reports from a few years ago. If a report — one that is seen as an organisation’s most comprehensive and authoritative content, is still being cited even if it’s older, might potentially be in the way of the organisation’s own perception. Which means more work is needed to prevent outdated content from still appearing.
What type of content is showing up?
Most citations for the council originate from government sources, followed by news outlets, reports, and blogs. The domain is evenly split between owned content and content earned from external sources media articles and independent authorities.
While most are recent, some older articles from major outlets such as The BBC remain visible and may significantly influence how LLMs perceive the council. Owned content typically addresses last year’s budget plans and the council’s latest vision for the city, which LLMs are referencing. Government sources are the major content type, however, external sources have a greater impact on the council’s overall LLM score.
The stakes are higher for government agencies
When brands track LLM visibility, they often ask, "Are we shown in a positive light?" or "Are we cited accurately?" For the government, additional questions arise: "Is this information accurate enough for someone to act on?" and "Are we still viewed as more authoritative than what we oversee?" Mistakes can have serious consequences, such as individuals applying for ineligible programs or missing critical deadlines for new initiatives or elections. This can quickly lead to public frustration. It is essential for government communicators to recognize these risks.
If you would like to know more about our Lumina suite, please reach out here and our team will get in touch with for you a quick demo.
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Blog
Why is tracking government visibility on LLMs different from tracking brands?
Government agencies often can’t see how AI chatbots describe them. Here’s why LLM visibility matters and how to track it.