LGNZ welcomes increased local roads funding

Press Release – Local Government NZ

Local Government New Zealand (LGNZ) welcomes the Government Policy Statement on Land Transport (GPS 2015) released today, providing $38.7 billion in funding for local roads. Read more »

Govt spend on transport out of step with reality

Press Release – Green Party

The National Government is planning to allocate ever increasing amounts of taxpayer funding to build expensive new motorways despite record numbers of New Zealanders flocking to buses and trains, said the Green Party. Read more »

Govt confirms $38.7 billion investment in land transport

Press Release – New Zealand Government

Transport Minister Simon Bridges today confirmed the Government will invest $38.7 billion in New Zealands land transport system over the next ten years, with regional networks, public transport, cycleways and road maintenance to benefit. Read more »

NZ govt’s deferred surplus won’t hurt credit rating: Moody’s

Article – BusinessDesk

Dec. 17 (BusinessDesk) – The one-year delay forecast in the New Zealand government’s return to surplus doesn’t have any implications for its Aaa credit rating, with everything else going in the right direction, according to Moody’s Investors Service. Read more »

Public Submissions – Budget Policy Statement 2015

Press Release – Office of the Clerk

Public submissions have been called on the Budget Policy Statement 2015. The closing date for submissions is Monday, 2 February 2015. The Budget Policy Statement 2015 sets out the overarching policy goals that will guide the Government’s Budget decisions … Read more »

Fixing GST Loophole Will Help Reduce Deficit – Retail NZ

Press Release – Retail NZ

Retail NZ is advising the Government that it will get closer to a fiscal surplus by closing a loophole that gives foreign retailers the ability to sell to New Zealanders without paying GST and duty. Read more »

English: National is focussed on achieving surplus

Column – New Zealand National Party

The Treasurys latest economic forecasts, released today, anticipate a deficit in the current financial year despite sustained economic growth and more jobs being created. Read more »

Council to resubmit case for Capital Connection

Press Release – Horizons Regional Council

Horizons Regional Council has been asked to resubmit a business case to retain the Capital Connection rail service following a meeting with Transport Minister Simon Bridges and Otaki MP Nathan Guy. Read more »

New Zealand Government signals reversal of fortune

Press Release – PricewaterhouseCoopers

The Governments robust $372 million forecast surplus from Budget 2014 will turn into a $572 million deficit, according to the 2015 Half-Yearly Economic and Fiscal Update and the Budget Policy Statement released today. Imports are cheaper and good … Read more »

Half Year Economic and Fiscal Update 2014

Press Release – New Zealand Treasury

The Half Year Economic and Fiscal Update (HYEFU) 2014 provides the Treasury’s latest economic forecasts and the forecast financial statements of the Government, including the implications of Government financial decisions. Read more »

Government focused on surplus in 2014/15

Press Release – New Zealand Government

The Government believes an OBEGAL surplus is achievable this financial year, despite Treasurys latest forecast today predicting a $572 million deficit (0.2 per cent of GDP) for the year to 30 June 2015, Finance Minister Bill English says. Read more »

NZ govt shunts out return to surplus to 2016

Article – BusinessDesk

Dec. 16 (BusinessDesk) – The New Zealand government has pushed out its targeted return to surplus for a year as falling dairy prices and a low inflation environment has kept a lid on its rising tax take, but is still dangling a possible tax cut in 2017, … Read more »

Health cuts don’t heal

Press Release – New Zealand Nurses Organisation

Leaked Cabinet papers that show that Government has been advised to cut the health budget by around $200 million is ringing alarm bells throughout the nursing and midwifery community. Read more »

Below forecast revenue highlights challenge

Press Release – New Zealand Government

Government revenue continues to grow more slowly than forecast in the Budget, again highlighting the challenge of returning to surplus this year, Finance Minister Bill English says. Read more »

Financial Statements of the Government: 31 October 2014

Press Release – New Zealand Treasury

The Financial Statements of the Government of New Zealand for the four months ended 31 October 2014 were released by the Treasury today. These statements are compared against forecasts based on the Budget Economic and Fiscal Update (BEFU 14) released … Read more »

PQ 6. Government Financial Position

Press Release – Office of the Clerk

PQ 6. Government Financial PositionReturn to Surplus [Sitting date: 09 December 2014. Volume:702;Page:5. Text is subject to correction.] Read more »

PQ 2. Economy—Treasury Forecasts

Press Release – Office of the Clerk

2. Dr RUSSEL NORMAN (Co-Leader – Green) to the Minister of Finance : Does he have confidence in Treasurys economic projections? Read more »

Cera, IRD led $214M of unauthorised public spending in 2014

Article – BusinessDesk

Dec. 9 (BusinessDesk) – The Canterbury Earthquake Recovery Authority and the Inland Revenue Department account for the bulk of $214 million of unauthorised public spending in the 12 months ended June 30, according to the Auditor-Generals review of the … Read more »

$17 mn record day of sales for turners with radio licences

Press Release – Turners Auctions

Updated 4 December 2014 : Turners recorded a record day of sales yesterday, as it facilitated the sale of 126 radio spectrum licences around New Zealand on behalf of the Ministry of Business, Innovation and Employment (MBIE). Read more »

Health Issues Highlighted in Child Poverty Monitor

Press Release – University of Otago

Although the just released second annual Child Poverty Monitor has revealed a small decrease in the number of New Zealand children living in income poverty, researchers involved in its preparation say there is still much to address in terms of health … Read more »

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