The Government’s books show that the New Zealand economy is continuing to display resilience in the face of the ongoing impact of COVID-19. The Crown accounts for the eleven months to the end of May 2021 show the operating balance before gains and losses (OBEGAL) was a deficit of $3.6 billion, $5.8 billion better than forecast […]readmore
The OECD’s latest review of the New Zealand economy shows growth picking up due to the Government’s ongoing support to secure the recovery from the effects of COVID-19. “The OECD Economic Outlook notes New Zealand is expected to be one of the stronger performers in the OECD, with a robust rebound due to our swift […]readmore
A new public-private partnership has been launched to improve access to digital technology and training for small businesses, to take advantage of new opportunities through e-commerce. Small Business Minister Stuart Nash has joined business, corporate and industry leaders to launch the 20-member Digital Boost Alliance at The Mind Lab in Auckland. “Last week’s Budget committed $44 million for digital training and […]readmore
A new digital training, advice and support service will enable small businesses to take advantage of opportunities in e-commerce as they recover from the global economic impact of COVID-19. Greater use of digital technology will be a hallmark of commerce in the future, yet many small and medium enterprises (SMEs) struggle to embrace new tools […]readmore
Economic growth expected to rise from 2.9 percent this year to 4.4 percent in 2023.· Projected 221,000 more people to be in employment over the forecast period, with unemployment set to decrease to 4.2 percent.· Deficit to fall from 5.3 percent of Gross Domestic Product (GDP) in 2022 to 0.6 percent by the end of the forecast period […]readmore
Kia ora koutou katoa It’s great to be here today, at our now-regular event in anything-but-regular times. I last spoke to some of you in mid-March. That was an opportunity to reflect on an extraordinary 12 months, but also to reflect on how the future was shaping up. In what has truly become a sign […]readmore
The economic recovery from COVID-19 continues to be reflected in the Government’s books, which are again better than expected. The Crown accounts for the eight months to the end of February 2021 showed both OBEGAL and the operating balance remain better than forecast in the Half Year Economic and Fiscal Update (HYEFU) released in December last […]readmore
Budget 2021 will be delivered on Thursday 20 May, Finance Minister Grant Robertson announced today. “My focus continues to be on making sure spending is targeted at the areas and people that need it the most. “We will manage the books carefully including ensuring we are getting value for money in all areas of Government […]readmore
Today’s GDP figures show the economy remains resilient and among the best in the world despite the impact of the COVID-19 pandemic, and reinforces the steps the government has taken to support the economy and secure the recovery, Grant Robertson said. GDP declined 1 percent in the last three months of 2020, following a 13.9 […]readmore
The Government has confirmed details of COVID-19 support for business and workers following the increased alert levels due to a resurgence of the virus over the weekend. Following two new community cases of COVID-19, Auckland moved to Alert Level 3 and the rest of New Zealand moved to Alert Level 2 on Sunday 28 February […]readmore