Press Release – New Zealand Treasury

The Treasury has released material, mainly comprising advice to Ministers, relating to the monitoring of Solid Energy, a State-owned enterprise (SOE). The material released here was prepared by the Crown Company Monitoring Advisory Unit (CCMAU) and the Treasury … Read more »

Press Release – Maxim Institute

Did you know that your tax pays more towards subsidising tertiary education than for the Police and foreign aid combined? Read more »

Article – BusinessDesk

May 16 (BusinessDesk) – The major international rating agencies have given Finance Minister Bill English the all-clear in todays budget, which sticks to reaching an operational surplus in the 2014/15 year. Read more »

Speech – New Zealand Government

I move that the Appropriation (2013/14 Estimates) Bill be now read a second time. Read more »

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 »

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 »

Press Release – New Zealand Labour Party

District Health Boards could be forced into debt as they struggle to cover wage and KiwiSaver costs, Labours Health spokesperson Annette King says. Read more »

Press Release – New Zealand Government

The Government will launch an update of its Budget app for smartphones and tablets on Thursday with interactive features that allow users to see how much tax they pay and how their tax dollars are spent, Finance Minister Bill English says. Read more »

Press Release – Green Party

An economic report commissioned by the Green Party shows that the National Governments stated objective of rebalancing the economy has failed and reveals major underlying vulnerabilities. Read more »

Article – BusinessDesk

May 9 (BusinessDesk) -MightyRiverPower shares climbed 9.2 percent to $2.73 when they debuted on the NZX as investors whod been scaled back in the initial public offering sought to lift their holdings on market. Read more »

Press Release – New Zealand First Party

New Zealand First says comments by Reserve Bank Governor Graham Wheeler today vindicate the partys calls for the bank to have greater ability to intervene over the high dollar. Read more »

Press Release – New Zealand Government

Justice Minister Judith Collins today introduced to Parliament a bill to shield the Public Trust from wearing the costs of having to step in to replace the trustees of failed finance companies. Read more »

Press Release – New Zealand Labour Party

The Government has offered up another band-aid solution to a problem it has had a hand in creating, with stop-gap funding to budget advisors, Labours Social Development spokesperson Jacinda Ardern says. Read more »

Press Release – Green Party

The National Governments rheumatic fever funding announcement is just a Band-Aid on another problem that it is avoiding tackling, the Green Party says. Read more »

Press Release – Science Media Centre

New funding to combat rheumatic fever announced today will provide for free drop-in clinics for sore throat testing and treatment in some of the areas most heavily-affected by the disease. Read more »

Press Release – New Zealand Labour Party

The Associate Minister of Health, Jo Goodhew, could do well to update herself on the causes of rheumatic fever and take a closer look at her Governments record on tackling the disease, Labours Health spokesperson Annette King says. Read more »

Press Release – New Zealand Council of Trade Unions

The last financial statements of the government before the Budget show it has room to do more on creating jobs and address New Zealands high unemployment rate, says CTU Economist Bill Rosenberg. Read more »

Press Release – New Zealand Government

The Governments finances continue to improve with higher than forecast tax revenue contributing to the operating deficit now being lower than forecast in the Half-Year Update in December, Finance Minister Bill English says. Read more »

Article – BusinessDesk

May 6 (BusinessDesk) – The New Zealand government kept a smaller operating deficit than forecast in the first nine months of the financial year, even as the cost of the Canterbury earthquakes grew an expected $192 million. Read more »

Press Release – New Zealand Treasury

The Operating Balance before Gains and Losses (OBEGAL) was in deficit by $5.0 billion, which was $273 million lower than forecast largely owing to core Crown tax revenue being $535 million higher than expected. Continuing the pattern of recent months: Read more »