Tags : business

Crown accounts show confidence in Govt economic plan

The Government’s financial accounts continue to reflect the resilience of the economy and confidence in the Government’s economic recovery plan. The Crown accounts for the nine months to the end of March 2021 show both OBEGAL and the operating balance remain better than forecast in the Half Year Economic and Fiscal Update (HYEFU) released in December […]readmore

Speech to China Business Summit

Ladies and gentlemen, distinguished guests, ate marie, tena koutou katoa, good morning. I am very happy to be here with you once again at my fourth China Business Summit. Thanks again to you, Fran, for being the driving force behind this event.  As ever, I’m very pleased to see such a range of speakers and […]readmore

Backing the trades to support the rebuild

The Government is extending the Apprenticeship Boost initiative by four months to further support trades and trades training, Education Minister Chris Hipkins announced today. The announcement was made during a visit to Fair and Square Building Services Ltd in Lower Hutt, Wellington and forms part of a suite of measures to be announced next week to help […]readmore

NZ economy remains resilient in face of COVID impacts

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

IMF praises Govt’s decisive and unprecedented response to COVID-19 crisis

The International Monetary Fund’s (IMF) latest annual review of the New Zealand economy shows the Government’s sound management of the COVID-19 pandemic kept New Zealanders safe and accelerated the recovery, Finance Minister Grant Robertson said. “The IMF’s ‘Article IV’ report praises the Government’s economic response, calling it timely, decisive, and well-coordinated policy actions. “The IMF specifically commented […]readmore

Govt’s balanced economic approach reflected in Crown accounts

New Zealand’s economic recovery has again been reflected in the Government’s books, which are in better shape than expected. The Crown accounts for the seven months to the end of January 2021 were better than forecast in the Half Year Economic and Fiscal Update (HYEFU). The operating balance before gains and losses (OBEGAL) deficit at $4.4 billion […]readmore

Next stage of COVID-19 support for business and workers

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

Government announces list of life-shortening conditions guaranteeing early KiwiSaver access

The Government changed the KiwiSaver rules in 2019 so people with life-shortening congenital conditions can withdraw their savings early ·       The four conditions guaranteed early access are – down syndrome, cerebral palsy, Huntington’s disease and fetal alcohol spectrum disorder ·       An alternative withdrawal process is also in place for those with other congenital life-shortening conditions “The Government […]readmore

Business support under COVID resurgence confirmed

Legislation will be introduced under urgency today to set up a new Resurgence Support Payment for businesses affected by any resurgence of COVID-19. “Since the scheme was announced in December we have decided to make a change to the payment – reducing the time over which a revenue drop is assessed from 14 days to […]readmore

40,000 New Zealanders to be supported back into work through

Prime Minister Jacinda Ardern and Minister for Social Development and Employment Carmel Sepuloni have today announced a significant expansion to the Government’s Flexi-wage initiative, which will see up to 40,000 New Zealanders supported into work. The changes significantly increase the average amount a business can access to hire a worker, and scale up the number of […]readmore