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A shocker - but not unexpected and will turn corner soon
"The latest balance of payments deficit is awful but should be about as bad as
it gets," Finance Minister Michael Cullen said today.

The Coalition Government is inviting the business community to take part in a new style partnership relationship, Finance Minister Michael Cullen said today.

Finance Minister Michael Cullen will release the 2000 Budget Policy Statement at 2pm on Wednesday, March 8.

Finance Minister Michael Cullen today welcomed the Saturn-Telstra merger as good news for the economy.

Finance and Revenue Minister Michael Cullen outlined the Government's thinking on a range of tax matters in a speech today to the Institute of Chartered Accountants conference in Christchurch.

John Goulter, a prominent Auckland businessman, has been appointed a non-executive director of the Reserve Bank.

Finance Minister Michael Cullen and State Owned Enterprises Minister Mark Burton have ordered that plans to sell the Waikaremoana Power Scheme be dropped.

The New Zealand Insurance Council's claim that there has been a more than 40 percent saving in workplace fatalities since the privatisation of workers' compensation was today challenged by Accident Insurance Minister Michael Cullen.

"National's decision to appoint two spokespeople on superannuation - one for current and one for future retirees - should make all New Zealanders under 60 very nervous," Finance Minister Michael Cullen said today.

News and happenings from the Office of Hon Dr Michael Cullen

"The increase fulfils election pledges from both coalition partners," Finance Minister Michael Cullen said.

Concern at the inaccuracy of their inflation forecasts.

"The latest GDP result showing 2.3 percent growth in the September quarter
contains as much cause for concern than for celebration," Finance Minister
Michael Cullen said today.

Legislation increasing the tax rate on income over $60,000 to 39 percent and the
fringe benefit tax rate from 49 percent to 64 percent will be followed up with
further legislative changes early next year Minister of Finance and Revenue
Michael Cullen said today.