28 May 2026
4 months ago
900 views
Finance Minister Nicola Willis highlights that disciplined economic management has led to an earlier-than-expected return to a government surplus in 2028/29, reducing borrowing and debt servicing costs. The government continues investing in essential services and infrastructure within an affordable funding framework while improving fiscal health, including a $2.6 billion surplus forecast and a lowered bond issuance by $6 billion. This fiscal repair strengthens New Zealand's resilience against future global and environmental uncertainties, benefiting all citizens.
31 Jul 2025
1 year ago
2971 views
Local Government Minister Simon Watts emphasizes the importance of councils' spending transparency and its impact on ratepayers. The government aims to empower ratepayers by providing clear data on council performance and spending, allowing for better engagement and accountability. Additionally, there is a focus on councils delivering essential services efficiently and supporting communities through a potential rates capping system to ensure responsible spending.
09 Jul 2025
1 year ago
2307 views
The Government’s responsible fiscal management has supported the Reserve Bank to keep the Official Cash Rate low, Finance Minister Nicola Willis says. The Reserve Bank of New Zealand today announced it would keep the Official Cash Rate (OCR) at 3. 25 per cent while continuing to foreshadow further reductions in the OCR.