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 »

Treasury Release: Monthly Economic Indicators November 2014

Press Release – New Zealand Treasury

The November Monthly Economic Indicators (MEI) was published today on the Treasury Website at 2:00pm. The report provides a summary of recent economic events. The main points: Increased employment has reduced spare capacity in the labour market… … Read more »

Reflections on 25 years of inflation targeting

Press Release – Reserve Bank

Inflation targeting has delivered price stability without reducing long-term growth, and remains the appropriate focus for monetary policy, Reserve Bank Governor Graeme Wheeler said today. Read more »

Reflections on 25 yrs of Inflation Targeting: Graeme Wheeler

Speech – Reserve Bank

It is now 25 years since the Reserve Bank of New Zealand Act came into force. The Act established the operational independence of the Reserve Bank (Bank) in respect of monetary policy, and specified price stability as the single monetary policy objective. … Read more »

PM John Key sees value in Hundertwasser project

Press Release – YES Whangarei

John Key has indicated that if Whangarei’s Hundertwasser project goes ahead he sees the Ministry of Tourism as being open to providing funding, noting that there are strong reasons for building it. Read more »

Treasury off track in search for sound policies

Press Release – Child Poverty Action Group

Treasury is unlikely to find the ideas it is looking for to improve outcomes for children while its primary driver is cost-cutting, says Child Poverty Action Group. Read more »

Treasury’s covert & extremely odd welfare consultation

Press Release – Auckland Action Against Poverty

A report this morning that Treasury is crowd sourcing ideas on welfare policy is news to Auckland Action Against Poverty, even though we are currently one of the most active groups in the area. Read more »

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