Board Cross-membership for NZ and Australian Treasury Secs

Press Release – New Zealand Treasury

Treasury Secretary Gabriel Makhlouf has announced the appointment of his Australian counterpart Dr Martin Parkinson to the New Zealand Treasury Board. This follows the appointment last week of Mr Makhlouf to the newly-established Australian Treasury … Read more »

Sharing mining royalties positive for councils, communities

Press Release – Local Government NZ

Local Government New Zealand (LGNZ) supports New Zealand Firsts policy to share mineral mining royalties with local authorities, which is in line with LGNZs policy for royalties from all mining, oil and gas extraction to be shared for the benefit … Read more »

Minister plays the blame game

Press Release – New Zealand Labour Party

The Minister of Education, Hekia Parata must take responsibility for the Te Pataka Ohanga debacle, said Labours Mori Education Spokesperson Nanaia Mahuta. Read more »

The Whitewash didn’t wash and now they’ve finally acted

Press Release – Green Party

Moves to call in the SFO over spending by the Kohanga Trust or its subsidiary are months too late and show the Government realises its whitewash over the funding fiasco has failed to wash with the public, the Green Party said today. Read more »

Greens and National failing to commit to cost-benefit ratios

Press Release – ACT New Zealand

The government has spent $3.4 billion on Roads of National Significance. Yesterday the Greens announced their discovery that the benefit-to-cost ratio of the spending on these roads has been either low or medium. Since the money could have … Read more »

Government disingenuous about school funding

Press Release – Quality Public Education Coalition – QPEC

The John Key-led government continues to lack sincerity and honesty about how it is funding school property investment, while continuing to mislead the public on its controversial asset sales programme, says QPEC Chairperson, Bill Courtney. Read more »

Genesis Energy share offer details released

Press Release – New Zealand Government

The Government today released further details of the partial float of Genesis Energy, including a 1:15 loyalty bonus share incentive for New Zealand retail investors. Read more »

Treasury rejects review on South Canterbury Finance collapse

Article – BusinessDesk

March 12 (BusinessDesk) – The Treasury hasnt analysed its dealings with South Canterbury Finance or formally reviewed the lessons learned from the retail deposit guarantee, which is expected to cost the taxpayer as much as $1.1 billion, despite … Read more »

Anadarko Oil Fail is Government’s Economic Flop

Press Release – Greenpeace New Zealand

Greenpeace says the reported failure of Texan company Anadarko to find oil off both the Raglan and Otago coasts confirms the Government needs to stop supporting foreign oil companies and start backing our local clean energy industry. Read more »

Financial Statements of NZ Govt to Jan 2014

Press Release – New Zealand Treasury

The Financial Statements of the Government of New Zealand for the seven months ended 31 January 2014 were released by the Treasury today. These statements are compared against forecasts based on the Half Year Economic and Fiscal Update (HYEFU), released … Read more »

Tax take continues to fall short, pushing government deficit

Article – BusinessDesk

March 11 (BusinessDesk) – The New Zealand governments operating deficit was wider than expected in the first seven months of the 2014 financial year, with a smaller tax take than forecast and lower than anticipated tobacco excise duty. Read more »

Minister must factor in true cost of PPP

Press Release – New Zealand Labour Party

A Public-Private Partnership slated for Aranui Community School must factor in the additional costs to the local community, says Labours Christchurch education spokesperson Megan Woods. Read more »

New PPP school procurement announced

Press Release – New Zealand Government

Education Minister Hekia Parata and Associate Education Minister Nikki Kaye today announced that building and maintaining four new schools around New Zealand could be delivered using a public private partnership (PPP). Read more »

Titewhai Harawira says time to settle Treaty claims is now

Article – BusinessDesk

March 3 (BusinessDesk) The 80 year-old Ngapuhi iwi matriarch, Titewhai Harawira, says now is the time for the countrys largest Maori tribe to settle its claim with the Crown to redress grievances under the Treaty of Waitangi. Read more »

Data Errors Show Poverty Affecting 27 Percent of Children

Press Release – UNICEF NZ

Revised figures released today by The Treasury and Statistics New Zealand reveal errors in official data have resulted in underestimations of the number of children living in poverty. The under-reporting shows 20,000 more children living in poverty … Read more »

Data error prompts process improvements

Press Release – Joint Press Release

The Treasury and Statistics New Zealand are improving their quality assurance processes after data miscalculations affected estimates of disposable income, Treasury Chief Economist Girol Karacaoglu and Statistics New Zealand Deputy Government Statistician … Read more »

Genesis sale sends asset sales cost over 1/2 billion dollars

Press Release – Green Party

John Keys inability to admit that his asset sales have been a complete failure has now cost the New Zealanders taxpayer over half a billion dollars, Green Party Co-leader Dr Russel Norman said today. Read more »

Key admits defeat before even selling Genesis

Press Release – New Zealand Labour Party

John Key has given up on the Genesis sale before it has even begun by saying he may only be able to sell 30 per cent of the state asset, Labour Leader David Cunliffe says. Read more »

Only National’s groupies gaining from ‘Rock Star’ economy

Press Release – New Zealand Labour Party

A significant shortfall in tax revenue revealed in todays Crown accounts shows only the lucky few are benefiting from Nationals much-hyped rock star economy, says Labours Finance spokesperson David Parker. Read more »

Treasury publishes six new Working Papers

Press Release – New Zealand Treasury

The Treasury published six new Working Papers today, covering analysis of trade barriers, KiwiSaver data, sectoral-level capital investments, unemployment rates, superannuation and labour market dynamics. Read more »

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