Finance

The latest data from Stats NZ today shows the recovering economy is continuing to add jobs, led by a record high for jobs in construction, while unemployment fell.

New Zealand’s economic recovery is reflected in the Government’s books which are again in better shape than forecast.

Today’s deal between Meridian and Rio Tinto for the Tiwai smelter to remain open another four years provides time for a managed transition for Southland.

The Government’s prudent fiscal management and strong policy programme in the face of the COVID-19 global pandemic have been acknowledged by the credit rating agency Fitch.

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.

The Government’s decision to act quickly in response to the global COVID-19 pandemic has contributed to a better than expected economic recovery, Grant Robertson says.

Cabinet has agreed to the appointment of Dr Ganesh Nana to chair the Productivity Commission, after the current chair Murray Sherwin ends his term, Grant Robertson announced today.

The Government is putting in place support for affected businesses in case there is a resurgence of COVID-19.

The Government’s books were again better than expected as the economy continued to recover post COVID lockdown, the Finance Minister Grant Robertson says.

The Government will today keep its election promise to put in place a new top tax rate of 39 per cent on income earned over $180,000.

To assist with the ongoing economic recovery from COVID-19, rules allowing affected businesses to put their debt on hold have been extended by 10 months.

New Zealand’s stronger-than-expected economic performance has flowed through to housing demand, so the Government will review housing settings to improve access to the market, the Finance Minister Grant Robertson announced today.

The better-than-expected Crown accounts released today show the Government’s careful management of the COVID-19 health crisis was the right approach to support the economy.

The Government’s books were stronger than expected as the economy continues to recover post COVID lockdown, the Finance Minister Grant Robertson says.