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The Bill to put in place the Government’s policy of banning overseas buyers of existing homes has passed its third and final reading in the House.  

Greg Miller has been appointed to chair the KiwiRail board, Minister for State Owned Enterprises Winston Peters and Minister of Finance Grant Robertson announced today.

Thank you very much for having me here today.

I want to begin by setting the scene and giving a bit of context to the situation in which the New Zealand economy is operating right now.

Associate Finance Minister David Parker said he is saddened by National’s attempts to amend the ban on foreign buyers to make it easier for the wealthiest foreigners to outbid New Zealanders.

Brian Corban has been appointed to the KiwiRail board as Deputy Chair, Minister for State Owned Enterprises Winston Peters and Finance Minister Grant Robertson announced today.

Thank you very much for having me here today. I know the Prime Minister would have loved to be here, but I’m sure you can all appreciate she’s somewhat preoccupied at the moment.

She did ask me to relay a message to you all. It reads:

The Productivity Commission will hold an inquiry into Local Government funding and financing, Finance Minister Grant Robertson announced today.

The latest Government financial statements show the books remain in a good position, with a strong surplus indicating that revenue and expenses are tracking in line with the Treasury’s Budget forecasts, Finance Minister Grant Robertson says.
The International Monetary Fund’s (IMF) latest annual review of the New Zealand economy shows the Government’s economic plan will support growth and help close the infrastructure and social deficits that built up in recent years, Finance Minister Grant Robertson says.
New Zealand’s largest ever 10-year plan for land transport investment announced today sends a clear message that the Coalition Government is committed to a long-term nationwide infrastructure strategy to boost productivity and support businesses to grow, Finance Minister Grant Robertson says.

The Bill putting in place the Government’s policy of banning overseas buyers of existing houses has been reported back to Parliament by the Finance and Expenditure Select Committee.

Land Information Minister Eugenie Sage and Associate Finance Minister David Clark have granted an application under the Overseas Investment Act 2005 for Cresswell NZ Ltd to purchase land to expand the existing Otakiri Springs water bottling plant near Whakatane.

New figures showing a high level of overseas house buying in New Zealand’s least affordable areas vindicates the Government’s move to ban foreign buyers of existing homes, Associate Finance Minister David Parker says.

The Terms of Reference for Phase 2 of the Review of the Reserve Bank Act were released today by Finance Minister Grant Robertson.

The Government’s surplus, revenue, expenses and net debt are all tracking in line with forecasts, according to the latest monthly financial accounts released by the Treasury today.

Finance Minister Grant Robertson and Commerce and Consumer Affairs Minister Kris Faafoi have met with the Reserve Bank of New Zealand (RBNZ) and Financial Markets Authority (FMA) to discuss their previously announced review of the conduct and operations of the financial sector.

I would like thank the EMA for the invitation to speak here, and thanks to all of you for coming along today.
Mr Speaker, I move that the Appropriation (2018/19 Estimates) Bill be now read a second time.

Health, education, housing and other critical public services receive overdue investments today, says Finance Minister Grant Robertson.

Responsible decision-making and a strong economy will deliver a forecast $3.7 billion surplus in 2018/19, up from $3.1 billion forecast in the current year, says Finance Minister Grant Robertson. 

Public consultation will be launched in August on establishing an independent body to better inform public debate in our democracy, Associate Finance Minister James Shaw announced today.

The Coalition Government will invest $42 billion in net capital spending over the next five years to support our plan to rebuild New Zealand’s infrastructure and critical public services, Finance Minister Grant Robertson said today.
The Government’s accounts continued to perform slightly better-than-expected in the nine months to the end of March, with the surplus $910 million higher than the Treasury forecast in December, Finance Minister Grant Robertson says.