Government spending
New Zealand used its fiscal firepower while the economy was booming and will now cut spending in the middle of a recession, accentuating the downturn
4th Mar 24, 7:31am
73
New Zealand used its fiscal firepower while the economy was booming and will now cut spending in the middle of a recession, accentuating the downturn
Finance Minister Nicola Willis says higher interest rates and rising unemployment could mean the Government has less money to work with in the next budget
15th Feb 24, 10:52am
108
Finance Minister Nicola Willis says higher interest rates and rising unemployment could mean the Government has less money to work with in the next budget
Treasury advised the new Finance Minister to stick to the fiscal rules and explore possible tax reforms
5th Feb 24, 12:31pm
33
Treasury advised the new Finance Minister to stick to the fiscal rules and explore possible tax reforms
Crown accounts for November show revenue doing better than forecast in the half-year update
25th Jan 24, 12:13pm
8
Crown accounts for November show revenue doing better than forecast in the half-year update
Finance Minister Nicola Willis wants Treasury to report fiscal risks more clearly
20th Dec 23, 6:15pm
52
Finance Minister Nicola Willis wants Treasury to report fiscal risks more clearly
National has promised its tax package will be fiscally neutral but hasn’t said how it will make up the missing foreign buyers tax revenue
8th Dec 23, 5:00am
165
National has promised its tax package will be fiscally neutral but hasn’t said how it will make up the missing foreign buyers tax revenue
NZ election 2023: Labour out, National in – either way, neoliberalism wins again, Toby Boraman says
18th Oct 23, 8:49am
64
NZ election 2023: Labour out, National in – either way, neoliberalism wins again, Toby Boraman says
The Office of the Auditor General reports deficiencies in understanding the effectiveness of state spending
18th Oct 23, 7:20am
9
The Office of the Auditor General reports deficiencies in understanding the effectiveness of state spending
Climate change, government spending, and the retirement age are likely to be sticking points in a three-party coalition negotiation between National, Act & NZ First
10th Oct 23, 6:27pm
80
Climate change, government spending, and the retirement age are likely to be sticking points in a three-party coalition negotiation between National, Act & NZ First
National's fiscal plan trims Labour's spending track by 0.1% of GDP and debt by 0.7%
29th Sep 23, 1:20pm
121
National's fiscal plan trims Labour's spending track by 0.1% of GDP and debt by 0.7%
Labour says there is enough room on the balance sheet to respond to another economic shock if needed
27th Sep 23, 12:12pm
77
Labour says there is enough room on the balance sheet to respond to another economic shock if needed
Finance spokesperson Nicola Willis said covid had contributed to the Government's difficult financial position and that it could not be fixed in the first year
26th Sep 23, 3:16pm
74
Finance spokesperson Nicola Willis said covid had contributed to the Government's difficult financial position and that it could not be fixed in the first year
National’s disciplined spending would 'get debt under control' while still investing in health, education, and infrastructure, Nicola Willis says
13th Sep 23, 5:13pm
43
National’s disciplined spending would 'get debt under control' while still investing in health, education, and infrastructure, Nicola Willis says
Treasury’s pre-election update shows little room for new spending, as National finalises its fiscal plan
12th Sep 23, 7:19pm
36
Treasury’s pre-election update shows little room for new spending, as National finalises its fiscal plan
Treasury’s pre-election update says the Government will need to borrow an extra $9 billion and will have to spend less than in Budget 2023 for the foreseeable future
12th Sep 23, 1:01pm
122
Treasury’s pre-election update says the Government will need to borrow an extra $9 billion and will have to spend less than in Budget 2023 for the foreseeable future
The Crown accounts won't return to surplus until 2027 and debt will rise, after the Government increased spending during an economic boom, ANZ says
5th Sep 23, 2:37pm
15
The Crown accounts won't return to surplus until 2027 and debt will rise, after the Government increased spending during an economic boom, ANZ says
International Monetary Fund report criticizes the New Zealand Government for increasing spending while the central bank battles inflation
29th Aug 23, 6:32am
108
International Monetary Fund report criticizes the New Zealand Government for increasing spending while the central bank battles inflation
[updated]
Nicola Willis says National will announce a suite of tax cuts and 'revenue initiatives', after Labour cut $4 billion from its budget
28th Aug 23, 7:34pm
146
Nicola Willis says National will announce a suite of tax cuts and 'revenue initiatives', after Labour cut $4 billion from its budget
Finance Minister Grant Robertson said the money saved would help to offset the growing deficits due to weak tax revenue
28th Aug 23, 4:02pm
60
Finance Minister Grant Robertson said the money saved would help to offset the growing deficits due to weak tax revenue
The Reserve Bank says the OCR has gone high enough and recession may be avoided
24th May 23, 6:33pm
92
The Reserve Bank says the OCR has gone high enough and recession may be avoided
Opposition politicians have a range of negative views on the Reserve Bank's decision to raise the Official Cash Rate by 25 points
24th May 23, 4:27pm
7
Opposition politicians have a range of negative views on the Reserve Bank's decision to raise the Official Cash Rate by 25 points
Eric Crampton and Craig Renney give their takes on the Budget
Significant amounts of new spending in Budget 2023 could provoke the RBNZ to push the OCR higher
18th May 23, 7:24pm
84
Significant amounts of new spending in Budget 2023 could provoke the RBNZ to push the OCR higher
Treasury forecasts NZ will avoid recession, sees unemployment rising, inflation back in RBNZ target range by late 2024 & house prices falling 21.3%
18th May 23, 2:08pm
5
Treasury forecasts NZ will avoid recession, sees unemployment rising, inflation back in RBNZ target range by late 2024 & house prices falling 21.3%
[updated]
Budget 2023: New spending on childcare, health, transport & energy costs, plus more state houses & increased trustee tax rate
18th May 23, 2:05pm
152
Budget 2023: New spending on childcare, health, transport & energy costs, plus more state houses & increased trustee tax rate