Inflation has eased slightly in the New Zealand economy amid a volatile international environment that continues to put pressure on prices, meaning the Government’s balanced financial approach to target spending is needed now that the emergency Covid spending is over.
Associate Finance Minister David Parker will represent New Zealand at this week’s Asia-Pacific Economic Cooperation (APEC) Finance Ministers’ Meeting.
New Zealand is in a strong position to handle the increasing global economic turbulence highlighted by the IMF’s latest forecasts released today.
Grant Robertson departs this evening with a business delegation to New York, after which he will travel to Washington DC for meetings.
The Government has delivered a set of books that are among the strongest in the world, ending the 2021/2022 fiscal year in a stronger position than forecast and ensuring New Zealand is well placed to respond to an increasingly volatile global economy.
New Zealanders will have up to $100,000 of their deposits in any eligible institution guaranteed in the event that institution fails, under legislation introduced in Parliament today.
The economy has rebounded strongly in the June quarter as the easing of restrictions and reopening of the border boosted economic activity, meaning New Zealand is well placed to meet the next set of challenges confronting the global economy.
New Zealand’s Sovereign Green Bond Programme has been launched providing the opportunity to invest in projects that contribute to climate and environmental objectives.
The Government has acquired 100 percent of Kiwibank’s parent company, Kiwi Group Holdings (KGH), ensuring the bank remains fully Kiwi-owned.
Workers have experienced their biggest pay hike on record, outstripping inflation.
A law change to ensure that forestry conversions by overseas investors benefit New Zealand has passed its final reading in Parliament.
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.
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.
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.
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.
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.