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.
Further increases in consumer prices are a reminder of the current global economic challenges and the need for responsible fiscal policy in New Zealand, Grant Robertson said today.
The resilience of the economy has continued to be reflected in the Crown’s accounts, though the full effects of the Omicron outbreak have yet to show up in the books which reinforces the need for balanced financial management.
The Government is continuing to support Air New Zealand as the majority shareholder by committing to participate in the national carrier’s proposal to raise capital and accelerate the recovery for the airline and the New Zealand economy.
The Government’s efforts to support the recovery have been reflected in the solid rebound in GDP today which shows the economy remains resilient as we look to the next stage of the recovery with the opening of our borders and return of tourists.
The Government will cut 25 cents a litre off fuel for three months as part of a cost of living package aimed at giving Kiwi families immediate relief through the current global energy crisis triggered by the war in Ukraine.
Finance Minister Hon Grant Robertson yesterday hosted a call with his counterparts from Australia and the United States. Canada and the United Kingdom were represented by deputies.
New Zealanders have heard the same tired old story from National Party leader Christopher Luxon today that fails to give any new ideas for our future, Grant Robertson said.
The Crown’s accounts continue to reflect the resilience of the economy and the Government’s balanced financial management and puts the country in a strong position to respond to Omicron.
The first payments from the new COVID Support Payment have gone out today after applications opened yesterday.
The Government is providing additional certainty for businesses struggling with the Omicron outbreak that they will be able to access the new targeted COVID Support Payment (CSP).
The Government is taking steps to ensure forestry conversions by overseas investors are of better benefit to New Zealand.
Bob Buckle and Peter Harris have been reappointed as external members of the Reserve Bank of New Zealand’s Monetary Policy Committee (MPC), Grant Robertson said.
A new targeted COVID Support Payment will be made available for businesses struggling with revenue during the Omicron outbreak.
The resilience of the economy continues to be reflected in the Government’s financial accounts and puts the country in a strong position to respond to the ongoing pandemic.
Budget 2022 will be delivered on Thursday 19 May, Finance Minister Grant Robertson announced today.