Displaying 1 - 24 of 86 results.

Solid economic growth in recent months confirms the Government’s programme of economic management is on track to deliver more jobs and ongoing wage rises for New Zealanders, Finance Minister Bill English says.

Statistics New Zealand reported Gross Domestic Product expanded by 0.9 per cent in the three months to September – slightly higher than Treasury’s Half-Year Update forecast of 0.6 per cent.

This meant annual economic growth was 2.3 per cent since September 2014. Average annual growth was 2.9 per cent.

  • Bill English
  • Finance

Deputy Prime Minister Bill English says the confirmed results of the first flag referendum mean New Zealanders now have a clear choice whether to change our flag or keep our existing one.

The final results of the first of the two postal referendums have confirmed the Silver Fern (Black, White and Blue) flag by designer Kyle Lockwood as the alternative option to the existing flag.

The Commission says a total of 1,546,734 votes were cast, 48.78 percent of enrolled voters.

  • Bill English
  • Deputy Prime Minister

Treasury’s latest forecasts show ongoing improvement in the Government’s books – reflecting a continued focus on responsible fiscal management, Finance Minister Bill English says.

  • Bill English
  • Finance

Deputy Prime Minister Bill English says the preliminary results of the first referendum to decide on the future of the New Zealand flag show strong public interest.

The first of the two postal referendums closed today and the Electoral Commission has indicated the Silver Fern (Black, White and Blue) flag by designer Kyle Lockwood as the preliminary winner.

The Commission says a total of 1,527,042 votes were cast, with voter turnout of 48 per cent.

  • Bill English
  • Deputy Prime Minister

The Government is making good progress in providing better social services by publically releasing data which will assist its agencies – and the social sector - understand the needs of the most vulnerable New Zealanders, Finance Minister Bill English says.

“Reducing misery, rather than servicing it, requires a deep understanding of drivers of social dysfunction. Good information will enable the Government to better help vulnerable people make positive changes to their lives and become more independent.”

  • Bill English
  • Finance

Catherine Savage has been named as the Chair of the Guardians of New Zealand Superannuation Board, replacing current Chair Gavin Walker, who has resigned, Finance Minister Bill English has announced.

Ms Savage begins her tenure as Chair on 1 January 2016 for a term of just over three years, while Mr Walker’s term will end on 31 December 2015.

“I’d like to thank Gavin for his strong professional and personal leadership during his tenure,” Mr English says.

  • Bill English
  • Finance

New Zealand has formally became a member of the Asian Infrastructure Investment Bank (AIIB) Finance Minister Bill English says.

Ratification by members with 50 percent of the capital of the AIIB is needed for it to establish operations. New Zealand’s ratification will contribute to the organisation reaching the 50 percent threshold needed for the AIIB to establish operations.  This is expected to take place by mid-December.

This follows the passage of the International Financial Agreement Amendment Act here in New Zealand in November.

  • Bill English
  • Finance

Data released today by Treasury and Figure.NZ makes is even easier for the public to dig into the Crown’s books for details on its spending and revenue, Finance Minister Bill English says.

  • Bill English
  • Finance

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  • Bill English
  • Defence
  • Earthquake Commission

Finance Minister Bill English says the release of two reports today on its investment practices and the performance of its major investment projects provide an overview to the public for the first time.

The annual report Managing Government Investment Projects 2014-15 - the first of its kind – provides a snapshot of the Government’s overall investment programme and the recently implemented changes to the way it is managed.

  • Bill English
  • Finance

The Minister Responsible for Housing New Zealand, Bill English, along with Social Housing Minister, Paula Bennett, are welcoming news that the massive programme to repair 5000 earthquake-damaged social housing stock in Christchurch has been reached ahead of schedule.

The 2010 and 2011 earthquakes damaged 95 percent of Housing New Zealand’s properties, affecting about 20,000 tenants across greater Christchurch.

  • Paula Bennett
  • Bill English
  • Social Housing
  • HNZC

Ministers Bill English and Paula Bennett are pleased to announce the Government is now taking Expressions of Interest from Community Housing Providers (CHPs) to transfer social housing in Invercargill and Tauranga.

As announced by the Prime Minister in January, the Government’s Social Housing Reform Programme includes plans to transfer 1,000 to 2,000 Housing New Zealand Corporation houses and tenancies to registered CHPs over the next year.

  • Paula Bennett
  • Bill English
  • Social Housing
  • HNZC

Deputy Prime Minister, Bill English, is encouraging Kiwis to have their say on what New Zealand’s flag should look like.

The first postal referendum, which will give New Zealanders the first ever opportunity to vote on the flag that best represents them, begins today and runs until 11 December.

Mr English says voters should take advantage of the opportunity to rank the five alternative designs selected by the Flag Consideration Panel.

“This is a once in a lifetime opportunity.  

  • Bill English
  • Deputy Prime Minister

Finance Minister Bill English today welcomed the passing of the International Finance Agreements Amendment Bill, which enables New Zealand to become a founding member of the Asian Infrastructure Investment Bank.

The Bank is a China-led initiative which is being established to address a gap in new infrastructure across Asia. Its purpose is to foster sustainable economic development and to promote regional co-operation and partnership.

  • Bill English
  • Finance

Executive Director of the Auckland Investment Office John Duncan has been appointed Deputy Chair of the Housing New Zealand Board, Housing New Zealand Minister Bill English announced today.

“Mr Duncan brings financial transaction and investment skills as well as a good understanding of the public sector environment at both a national and local level,” Mr English says.

Two additional new Housing New Zealand board members have also been appointed Managing Director of Castalia Michael Schur and Former National Party MP Tau Henare.

  • Bill English
  • HNZC

Finance Minister Bill English and Tertiary Education, Skills and Employment Minister Steven Joyce have asked the Productivity Commission to review new and emerging models of tertiary education.

“The tertiary education sector has adapted to significant change over the past 20 years and is continuing to change all the time,” says Mr English.

  • Steven Joyce
  • Bill English
  • Tertiary Education, Skills and Employment
  • Finance

The Government has asked the Productivity Commission to review urban planning rules and processes, and identify the most appropriate system for land use allocation, Finance Minister Bill English says.

“Urban planning in New Zealand not only underpins housing affordability but also the productivity of the wider economy,” Mr English says.

“Many parts of the regime are out-dated and unwieldy, having been developed over the years in a piecemeal fashion. International best practice has moved on and so must New Zealand.”

  • Bill English
  • Finance

New Zealanders have beaten stiff competition from Australia, picking up multiple awards at a ceremony celebrating excellence in community housing this week.

Housing New Zealand Corporation (HNZC) and VisionWest Chief Executive Officer Lisa Woolley were honoured at the Australasian Housing Institute’s 2015 Professional Excellence in Housing Awards held in Perth on Wednesday.

  • Bill English
  • Paula Bennett
  • HNZC
  • Social Housing

The proposed transfer of approximately 1,500 Housing NZ Corporation houses and tenancies in Tauranga and Invercargill to registered Community Housing Providers will shortly move to the next stage, Ministers Bill English and Paula Bennett say.

As announced by the Prime Minister in January, the Government’s Social Housing Reform Programme includes plans to transfer 1,000 to 2,000 Housing NZ Corporation houses and tenancies to registered Community Housing Providers over the next year.

  • Paula Bennett
  • Bill English
  • Social Housing
  • HNZC

Finance Minister Bill English will travel to Sydney tomorrow to meet with new Australian Treasurer Scott Morrison.

“The New Zealand and Australian economies have many similarities – our proximity to growth in Asia, our strength in commodity exports, and most recently our increased partnership through the TPP trade agreement,” Mr English says.

“Australia is our largest trading partner. When Australia does well, we do well – so it is important to understand the prospects for the Australian economy and the views of its policy makers.”

  • Bill English
  • Finance

Finance Minister Bill English and Statistics Minister Craig Foss today named the working group responsible for leading the new Data Futures Partnership.

“The Data Futures Partnership is an exciting opportunity to potentially deliver economic and social value for New Zealand by solving issues that limit trusted data-use and innovation,” Mr English says.

“I’m confident this diverse group of people has the knowledge and experience necessary to understand the issues and look for innovative solutions.”

  • Bill English
  • Craig Foss
  • Finance
  • Statistics

Thank you for inviting me today.

It’s a pleasure to speak to the Trans-Tasman Business Circle again.

Yesterday I announced that the Government had achieved one of its key fiscal targets, posting a surplus of $414 million in 2014/15.

That was the culmination of years of focus on a target that has brought discipline to spending.

But it is far from the end of the road for our programme of responsible fiscal management.

  • Bill English
  • Finance

Slowing growth in the global economy highlights the need for ongoing fiscal restraint, Finance Minister Bill English said in a speech to the Trans-Tasman Business Circle in Wellington today.

“Reaching surplus was a significant milestone, and one the public service can be proud of. But the job is far from done – we now need to focus on getting debt down,” Mr English says.

  • Bill English
  • Finance

The Government has reported an operating surplus in the fiscal year that ended on 30 June, meeting a target set in 2011 following the Canterbury earthquakes and the international financial crisis, says Finance Minister Bill English.

The OBEGAL surplus of $414 million in the year to 30 June 2015 is equal to 0.2 per cent of GDP and the Government’s operating balance inclusive of gains and losses was a surplus of $5.8 billion or equal to 2.4 percent of GDP.

  • Bill English
  • Finance