Tags : Budget

Pre-Budget speech to Business New Zealand

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

Economic resilience provides more options in Budget 2021

Securing the recovery and investing in the wellbeing of New Zealanders is the focus of Budget 2021, Grant Robertson told his audience at a pre-budget speech in Auckland this morning. “The economy has proven resilient in response to COVID-19, due to people having confidence in the Government’s health response to keep them safe.  Unemployment has […]readmore

Crown accounts again better than forecast

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 date announced

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

National has $4 billion mistake in its economic plan

A basic error has left a $4 billion gap in National’s economic plan, Labour Finance spokesperson Grant Robertson says.  “If National can’t even do the basics required on their own policy costings, they cannot be trusted to run the country. Making mistakes like this have real world consequences that New Zealand does not need in […]readmore

National’s transport plans an uncosted, unfunded shambles

Confirmation that National hasn’t even costed the centre-piece of its transport announcement yesterday is a further sign of the shambles in the Opposition, and raises serious questions about National’s competence,” Finance Minister Grant Robertson says. “The Brynderwyn and Kaimai tunnels weren’t just a side note to the announcement. They were literally the “first” projects Judith […]readmore

Government steps up action on waste – funds recycling infrastructure

  $124 million Government investment in recycling infrastructure ·         Plans confirmed to increase and expand the waste levy to divert material from landfill, and recycle revenue into resource recovery and waste minimisation ·         Innovative construction and demolition facility opened in Auckland with $3.1 million in support from Government’s Waste Minimisation Fund (WMF). As part of a broader plan […]readmore

Govts to consider wider measures of success as Wellbeing Amendment

The Public Finance (Wellbeing) Amendment Bill passed by Parliament today puts New Zealand in a world-leading position by legislating for Governments to consider peoples’ wellbeing alongside traditional fiscal and economic indicators of success, Finance Minister Grant Robertson says. The new legislation passed by Parliament requires: ·         the Government of the day to set wellbeing objectives and […]readmore

New payment to support Kiwis through COVID

 Further support for New Zealanders affected by 1-in-100 year global economic shock ·         12-week payment will support people searching for new work or retraining ·         Work programme on employment insurance to support workers and businesses The Government today announced a new temporary payment to support New Zealanders who lose their jobs due to the global COVID-19 pandemic […]readmore

$35m to build financial resilience for New Zealanders

A $35m boost to financial capability service providers funded by MSD will help New Zealanders manage their money better both day to day and through periods of financial difficulty, announced Social Development Minister Carmel Sepuloni.“It’s always been our position to increase support to key groups experiencing or at risk of experiencing hardship by strengthening Building […]readmore