The Government has today signed a Terms of Reference with Auckland Council, setting out how central and local government will work together to agree on an approach to develop the city’s transport system.
A milestone in the first phase of the long-term plans of the Tāmaki Redevelopment Company (TRC) was reached today with Housing New Zealand Minister Bill English and Building and Housing Minister Dr Nick Smith opening the first completed homes as part of the Fenchurch neighbourhood regeneration project at Glen Innes, Auckland.
Placing Solid Energy into temporary voluntary administration gives the best chance to secure an ongoing future for the different parts of the business, Finance Minister Bill English and State Owned Enterprises Minister Todd McClay say.
The number of KiwiSaver enrolments continues to rise in the over-18 year old target population, with an additional 11,656 members in the month of June, Finance Minister Bill English and Revenue Minister Todd McClay say.
More young people are achieving higher qualifications, welfare dependency continues to fall and Kiwis are doing more of their government transactions digitally, Deputy Prime Minister Bill English and State Services Minister Paula Bennett say.
New Zealand recorded another quarter of continued economic growth, confirming that the Government’s sensible economic programme is taking New Zealand in the right direction, Finance Minister Bill English says.
New Zealand has agreed to become a founding member of the Asian Infrastructure Investment Bank, which is being established to invest in new infrastructure across Asia, Finance Minister Bill English and Foreign Affairs Minister Murray McCully say.
The Government’s $448 million OBEGAL surplus in the 10 months to 30 April – around $1 billion better than the $555 million deficit forecast in the Budget – highlights the inherent volatility in monthly fiscal results, Finance Minister Bill English says.
Proceeds from the Government’s share offer programme provide a further $939 million of new capital investment in Budget 2015 without the need to borrow more from overseas lenders, Finance Minister Bill English says.
It’s a privilege to present the National-led Government’s seventh Budget. New Zealand has come through significant challenges and is now a more confident and resilient country than it was seven years ago. Successive Budgets have sought to put New Zealand on a track to surplus and debt reduction, and as a result the Government’s books are in good shape.
A package of measures aimed at reducing hardship among children in New Zealand’s lowest-income households is at the heart of new spending announced in the Budget today, Finance Minister Bill English says.
Budget 2015 includes a $790 million package to reduce hardship among children in New Zealand’s poorest families, as the next step in the Government’s commitment to address the long-term drivers of deprivation.
The Government is taking extra steps to bolster the tax rules on property transactions – including those by overseas buyers - and to help Inland Revenue enforce them, Finance Minister Bill English and Revenue Minister Todd McClay say.