New Zealanders’ savings in KiwiSaver default funds will soon exclude investment in fossil fuels, the Ministers of Finance and Commerce and Consumer Affairs announced today.
The Crown accounts are in a strong position to weather any economic uncertainty as a result of coronavirus, with the books in surplus and expenses close to forecast, Finance Minister Grant Robertson says.
Owner-occupiers of unit and apartments living in earthquake-prone buildings will have certainty about the financial support they’ll be eligible for with the release of criteria for an upcoming assistance scheme, Minister for Building and Construction Jenny Salesa says.
The Government’s books are in a strong position to withstand global headwinds, with the accounts in surplus and expenses close to forecast, Finance Minister Grant Robertson says.
The Government has today issued the Venture Capital Fund Policy Statement outlining the requirements for investments from the new $300 million fund set up to support New Zealand firms as they expand beyond the start-up phase.
Keeping Kiwis’ money safe and ensuring they have confidence in the people running our banks are the focus of the latest decisions out of the Government’s review of banking laws.
The Government is forecast to run $12 billion worth of surpluses across the four years to 2023/24 as the economy continues to grow.