NZ govt operating deficit smaller than expected

Article – BusinessDesk

Jan. 23 (BusinessDesk) – The New Zealand’s government’s operating deficit was smaller than expected in the first five months of the financial year as a clampdown on expenditure managed to offset a shortfall in the tax-take from last month’s forecast. Read more »

Government Financial Statements to 30/11/14

Press Release – New Zealand Treasury

Core Crown tax revenue was $94 million below forecast. GST, source deductions and corporate tax together were collectively $138 million lower than forecast, partly offset by higher-than-forecast customs and excise duties. However, year-on-year growth … Read more »

IRD collects $4.1 billion of tax debt in 2013/14

Press Release – New Zealand Government

Revenue Minister Todd McClay says Inland Revenues focus on collecting tax debt has paid big dividends, with $752 million more being collected in 2013/14 than in the previous year. Read more »

Tax man reaping little in return for extra spending

Press Release – New Zealand Labour Party

The National Government has more than doubled the amount it spends chasing tax debt but the level of outstanding tax remains at a near record high, Labour MP Stuart Nash says. Read more »

Government wipes off $5 billion in tax debt

Press Release – New Zealand Labour Party

Stuart Nash MP for Napier 11 January 2015 MEDIA STATEMENT Government wipes off $5 billion in tax debt Read more »

Regions hit with budget band aid

Press Release – New Zealand Labour Party

Nine of New Zealands District Health Boards look set to be big losers in next years funding round, Labours Health spokesperson Annette King says. Read more »

MCH Moving to Landmark Public Trust Building

Press Release – Ministry For Culture And Heritage

Ministry for Culture and Heritage Moving to Landmark Public Trust Building Manat Taonga, the Ministry for Culture and Heritage is moving into the Old Public Trust building on the corner of Lambton Quay and Stout Street, Wellington, in October 2015, … Read more »

Will 2015 Be The Year Radio NZ Starts Closing Down?

Press Release – Coalition for Better Broadcasting

The Coalition for Better Broadcasting is calling on the government and Minister of Broadcasting Amy Adams to make 2015 the year it gives back to Radio NZ and its many, many listeners. Read more »

Hand’s Off Our Cash Sky City!

Press Release – Affordable Auckland

Not one single cent of taxpayer or ratepayer money should be funnelled into the pockets of corporates to fund a convention centre, says Affordable Auckland Leader Stephen Berry. A deal has been made by Sky City with the Government. If one side … Read more »

Supreme Court Delivers Christmas Cheer for Aged Care Workers

Press Release – New Zealand First Party

Aged care workers who do so much for our elderly will have something extra to smile about over Christmas with the Supreme Court not accepting an appeal by the New Zealand Aged Care Association. While not fully settled it opens the door to pay parity. Read more »

National’s albatross, taxpayers’ curse

Press Release – New Zealand Labour Party

Nationals albatross, taxpayers curse Government consideration of further corporate welfare hand-outs to SkyCity for its convention centre shows just how weak the original contract was, Labours Economic Development spokesperson David Clark says. Taxpayers … Read more »

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 »

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