Articles tagged with Fiscal Policy
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S&P Affirms New Zealand’s AA+ Rating with Stable Outlook and Growth Forecast
31 Aug 2026 | 1 week ago | 157 viewsFinance Minister Nicola Willis welcomed S&P’s affirmation of New Zealand’s AA+ credit rating with a stable outlook, highlighting the agency’s confidence in the economy and government fiscal management. S&P forecasts 2.5% economic growth by June next year and praises New Zealand’s monetary policy flexibility, low net debt, and strong institutions, despite some external imbalances and fiscal deficits. The agency also acknowledges government actions like tax reductions and investment incentives aimed at reducing the deficit and revitalizing the economy, supporting a positive outlook for job creation and fiscal surplus.
Tags: Nicola Willis S&P New Zealand Finance Minister credit rating economy government fiscal policy economic growth monetary policyTreasury Report: Pitfalls of Excessive Government Spending Exposed
07 Aug 2025 | 1 year ago | 1460 viewsFinance Minister Nicola Willis highlights Treasury's report on the dangers of excessive government spending, emphasizing the challenges of using large spending measures in response to one-off shocks like the Covid-19 pandemic. The report criticizes the fiscal response to Covid, pointing out significant errors made and urging policymakers to avoid repeating those mistakes. It emphasizes the importance of restoring fiscal guardrails promptly after increased spending during crises, praising the current Government's commitment to responsible fiscal and economic management.
Tags: Treasury report government spending Finance Minister Nicola Willis fiscal policy economic shocks Labour government fiscal response