The Government has acquired 100 percent of Kiwibank’s parent company, Kiwi Group Holdings (KGH), ensuring the bank remains fully Kiwi-owned.
Hon Grant Robertson
Workers have experienced their biggest pay hike on record, outstripping inflation.
Grant Robertson departs tomorrow for engagements in his finance portfolios and to support New Zealand’s athletes at the Commonwealth Games in the United Kingdom.
The latest inflation figures reflects the volatile and uncertain global environment though New Zealand is well positioned to respond and help households and businesses through this difficult time.
The Government is providing significant additional cost of living support and is fighting inflation by extending the reductions to fuel excise duty, road user charges and half-price public transport by more than five months until the end of January next year.
National sport and recreation organisations are being supported to help recover and operate successfully after the impact of COVID-19.
The latest Crown Accounts show a solid result, despite challenging international conditions – reflecting the Government’s careful management of the books.
Members with a range of governance, financial and technical skills have been appointed to the Reserve Bank Board as part of the shift to strengthen the Bank’s decision-making and accountability arrangements.
A long-standing physical activity programme that focuses on outcomes for Maori has been expanded to four new regions with Government investment almost doubled to increase its reach.
The Government is progressing a preferred option for LGWM which will see Wellington’s transport links strengthened with light rail from Wellington Station to Island Bay, a new tunnel through Mt Victoria for public transport, and walking and cycling, and upgrades to improve traffic flow at the Basin Reserve.
The volatile global situation has been reflected in today’s quarterly GDP figures, although strong annual growth shows New Zealand is still well positioned to deal with the challenging global environment.
An independent body to strengthen and protect the integrity of the sport and recreation system is to be established.
The strength of the economy is continuing to be reflected in the Crown accounts and shows New Zealand is well positioned to support New Zealanders to manage the impacts of the challenging global economic environment.
Minister for Sport and Recreation Grant Robertson has congratulated netball coach Ruth Aitken on being made a Dame on the Queen’s Birthday and Platinum Jubilee Honours List 2022.
Increased infrastructure investment will continue to play a critical part in securing New Zealand’s recovery from COVID-19.
A Budget 2022 cost of living package will help New Zealanders through the peak of the global inflation storm, with an estimated 2.1 million people aged 18 and over eligible for an extra $27 per week over a three month period.
A strong economy and successful response to the pandemic has given New Zealand a solid base to accelerate the recovery and create a high wage, low carbon economy.
Budget 2022 will help build a high wage, low emissions economy that provides greater economic security, while providing support to households affected by cost of living pressures.
The Government is investing in New Zealand’s economic security by ensuring climate change funding moves away from short-term piecemeal responses and towards smart, long-term investment.
The Crown accounts are continuing to reflect the strong position New Zealand is in to manage the challenging global environment, Grant Robertson said.
Finance Minister Grant Robertson has unveiled new fiscal rules to ensure New Zealand continues to maintain a world-leading Government financial position.