Tags : Finance

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

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

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

Reserve Bank to take account of housing in decision making

The Reserve Bank is now required to consider the impact on housing when making monetary and financial policy decisions, Grant Robertson announced today. Changes have been made to the Bank’s Monetary Policy Committee’s remit requiring it to take into account government policy relating to more sustainable house prices, while working towards its objectives. “The Committee […]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

Household incomes rise but more work needed

Figures released today by Stats NZ show there was strong growth in median household incomes in 2020, before surveying was halted due to COVID-19. Stats NZ found the median annual household income rose 6.9 percent to $75,024 in the year to June 2020 compared with a year earlier. The survey used to generate these statistics […]readmore

Government remains focused on building back better

Budget 2021 will sharpen the focus on supporting the New Zealand economic recovery as the Government continues to keep New Zealanders safe from COVID-19. Speaking at a BNZ Breakfast event in Wellington this morning Grant Robertson released the 2021 Budget Policy Statement saying the May Budget provides a chance to take stock of how New […]readmore

The economy bounces back

The Government’s decision to act quickly in response to the global COVID-19 pandemic has helped the economy recover faster than expected, Grant Robertson said. GDP rose 14 percent in the September quarter following a revised 11 percent fall in the June quarter. On an annual average basis GDP fell 2.2 percent in the year ended […]readmore