Budget Extends the Ambit of the Thin Capitalisation Rules

Press Release – Deloitte New Zealand

Changes, but no real surprises, were announced in relation to New Zealands thin capitalisation rules in todays Budget, says Deloitte CEO Thomas Pippos. Read more »

National’s Train Wreck of Debt Gathers Momentum

Press Release – Green Party

Nationals self-proclaimed Building Momentum Budget is looking more like an out of control debt train wreck with the countrys overseas net debt topping $200 billion by 2017 and the current account deficit topping $17 billion a year, … Read more »

Property investment focus to return $45m a year

Press Release – New Zealand Government

Hon Peter Dunne Minister of Revenue 16 May 2013 Property investment focus to return $45m a year Read more »

BUDGET 2013 COMMENT Plain sailing, but it’s no America’s Cup

Article – BusinessDesk

May 16 (BusinessDesk) – Compared to the last four budgets, this year’s reflects an economy moving out of recession and into calmer waters. Read more »

$130m boost for Kiwi R&D and start-ups

Press Release – New Zealand Government

Hon Steven Joyce Minister of Science and Innovation 16 May 2013 $130m boost for Kiwi R&D and start-ups Budget 2013 is investing nearly $130 million into Callaghan Innovation to encourage businesses to invest more in research and development, and … Read more »

Investing $200m in science, innovation & research

Press Release – New Zealand Government

Hon Steven Joyce Minister of Science and Innovation 16 May 2013 Investing $200m in science, innovation & research Budget 2013 delivers on the Governments commitment to building a more competitive and productive economy with $200 million … Read more »

New tools agreed to enhance financial stability

Press Release – New Zealand Government

Hon Bill English Minister of Finance 16 May 2013 New tools agreed to enhance financial stability Read more »

BUDGET 2013: NZDMO trims $3 bln from borrowing programme

Article – Businesswire

May 16 (BusinessDesk) The New Zealand Debt Management Office will cut its borrowing programme by $3 billion over the next two years as the government looks to clamp down on its growing interest bill and build a buffer for future shocks. Read more »

Government books in good shape, English says

Press Release – New Zealand Government

Hon Bill English Minister of Finance 16 May 2013 Government books in good shape, English says Read more »

Budget 2013: At a Glance

Press Release – New Zealand Government

Progress in the Governments programme while on track to surplus Read more »

BUDGET 2013: English signs off on Reserve Bank’s new toolkit

Article – Businesswire

May 16 (BusinessDesk) Finance Minister Bill English has given the tick of approval to the Reserve Banks new set of tools to cool asset bubbles, the most pressing of which is the countrys heated property market. Read more »

BUDGET 2013: Residential rebuild in Canterbury ‘key driver’

Article – Businesswire

May 16 (BusinessDesk) – Some $18 billion of new residential housing in Canterbury, accounting for almost half the regions rebuild, will be the key driver behind New Zealands 2.5 percent annual rate of growth over the next four years. Read more »

BUDGET 2013: DMO trims $3 bln from borrowing programme

Article – BusinessDesk

May 16 (BusinessDesk) The New Zealand Debt Management Office will cut its borrowing programme by $3 billion over the next two years as the government looks to clamp down on its growing interest bill and build a buffer for future shocks. Read more »

BUDGET 2013: More tax, less spending keep surplus in sight

Article – BusinessDesk

May 16 (BusinessDesk) Finance Minister Bill English will meet his targets for a return to budget surplus in 2015 and a drop in net debt by 2021 by putting a cap on new spending, taking in more tax and delaying the resumption of pension contributions. Read more »

New order momentum

Press Release – BusinessNZ

Continued momentum for new orders in the manufacturing sector contributed to a lift in the sectors expansion rate, according to the latest BNZ – BusinessNZ Performance of Manufacturing Index (PMI). Read more »

English gets his facts wrong on manufacturing

Press Release – New Zealand Labour Party

With less than 24 hours to go before the budget Bill English has shown hes not on top of the numbers, making an embarrassing error on manufacturing figures, says Labours Finance spokesperson David Parker. Read more »

Europe Danger Continues; Asia As the Buffer

Press Release – Grant Thornton International Business Report

While the New Zealand economy keeps warm under a safety blanket called the Asian growth, the dangers of Europe should not be forgotten. Read more »

IMF Concludes Consultation with New Zealand, Releases Report

Article – International Monetary Fund

Public Information Notices (PINs) form part of the IMF’s efforts to promote transparency of the IMF’s views and analysis of economic developments and policies. With the consent of the country (orcountries) concerned, PINs are issued after Executive Board discussions … Read more »

Sir Roger Douglas – 2013 Budget

Press Release – Sir Roger Douglas

Let me begin by reading you extracts from my speech to the Window and Glass Industry Conference held in Rotorua on 19 June 2009. Read more »

IMF confirms National’s failure to rebalance economy

Press Release – Green Party

The International Monetary Fund (IMF) has confirmed today that the economy remains seriously out of balance, with low household savings and high debt levels. Read more »

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