19 Aug 2025
1 year ago
1371 views
Finance Minister Nicola Willis is pleased with Fitch Ratings affirming New Zealand's AA+ credit rating, attributing it to the government's prudent financial management. Fitch acknowledges New Zealand's strong commitment to fiscal consolidation and warns that a deviation from this path could impact creditworthiness. Willis emphasizes the importance of maintaining fiscal responsibility to avoid a credit downgrade, which would raise government debt costs and potentially affect households and businesses.
15 Aug 2025
1 year ago
1579 views
KiwiRail and Hyundai Mipo Dockyard have settled on a $144 million payment to cover costs incurred from the cancelled Project iReX ferries, with KiwiRail emphasizing the decision was not a reflection on Hyundai. The settlement frees up more funding for other Government projects, debunking claims that canceling the contract would cost taxpayers the full $551 million contract value. The settlement marks the end of mismanagement by the previous government, which failed to consider necessary port infrastructure, resulting in a near quadrupling of project costs before its cancellation in December 2023.
12 Aug 2025
1 year ago
1646 views
Minister of Internal Affairs Brooke van Velden supports the Regulatory Systems (Internal Affairs) Amendment Bill, aiming to enhance the efficiency of the Department of Internal Affairs by streamlining relevant legislation. The Bill, which has passed its first reading and will now undergo public submissions, proposes changes such as age restrictions on Lotto sales, empowering the Department to combat objectionable online content, and improving the Classification Office's operations. Van Velden emphasizes the importance of these amendments in advancing the Department's capabilities and safeguarding against harmful online materials.
07 Aug 2025
1 year ago
1637 views
Finance 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.
06 Aug 2025
1 year ago
1699 views
New Zealand is supporting Samoa in addressing a severe dengue outbreak that has resulted in the deaths of five children, demonstrating the special relationship between the two countries. New Zealand plans to send a clinical team to Apia, provide medical supplies worth $300,000, and offer additional assistance as needed. Travellers to Samoa are advised to take precautions against mosquito bites and refer to the SafeTravel website for Dengue Fever prevention advice.
06 Aug 2025
1 year ago
1647 views
Finance Minister Nicola Willis has acknowledged the latest labour market data, revealing a lower-than-expected unemployment rate of 5.2% for the June quarter, below the Treasury's forecast of 5.4%. Despite challenges like inflation and rising interest rates, the government's efforts have led to 8,000 fewer unemployed individuals than initially projected, with a focus on economic recovery and job creation through initiatives like government-funded construction projects and investment incentives. Additionally, there has been a notable increase in average hourly earnings by 4.5% in the past year, surpassing the inflation rate of 2.7%.
06 Aug 2025
1 year ago
2753 views
The New Zealand Cabinet has approved legislative changes to transition 3.5 million light vehicles to electronic road user charges instead of petrol tax, marking a significant shift in road funding. The move aims to ensure all vehicles, regardless of fuel type, contribute fairly based on distance and weight, replacing the outdated petrol tax system. The transition will involve modernizing the current RUC system, allowing for digital records, multiple payment options, and fostering competition among RUC providers for a user-friendly and efficient road funding mechanism.
06 Aug 2025
1 year ago
2515 views
The speaker expresses gratitude for the opportunity to attend Building Nations 2025 and acknowledges the need for improved infrastructure policy in New Zealand. As the Infrastructure Minister, the speaker highlights challenges in delivering and maintaining infrastructure, emphasizing the importance of efficient systems for economic growth and living standards. Key priorities include developing a National Infrastructure Plan, improving funding and financing, addressing road pricing reform, enhancing the consenting framework, and strengthening asset management and resilience to ensure a prosperous future for New Zealand.
05 Aug 2025
1 year ago
2327 views
Construction begins on the new Papakura District Court, aiming to improve court processes and critical infrastructure, according to Justice Minister Paul Goldsmith and Courts Minister Nicole McKee. The project reflects a modern approach, with half the building being prefabricated off-site to enhance safety and efficiency while addressing demographic changes in South Auckland. The new courthouse, set to open in early 2027 with a $34m budget, will feature three courtrooms, two hearing rooms, and a dedicated suite for vulnerable witnesses, emphasizing the importance of timely access to justice and supporting victims within the justice system.
02 Aug 2025
1 year ago
2222 views
The speaker expresses gratitude to various individuals for their contributions to the National Party, highlighting achievements in law and order, education, healthcare, and the economy over the past two years. They emphasize the progress made in reducing violent crime, improving education, and enhancing healthcare services. The speaker also outlines plans to further stimulate economic growth, create jobs, and increase wages by streamlining processes for businesses operating on DOC land and implementing charges for foreign visitors at high volume sites to generate revenue for conservation efforts.
30 Jul 2025
1 year ago
1944 views
Kiwibank has been authorized to enhance its competition with the dominant Australian-owned banks in New Zealand's banking sector by raising up to $500 million in capital for growth. This move is aimed at enabling Kiwibank to better compete with the big four Australian banks while preserving its New Zealand identity. The government has approved measures to ensure Kiwibank's New Zealand identity, including maintaining majority government ownership and requiring key operational aspects to remain in New Zealand.
28 Jul 2025
1 year ago
1829 views
The Government, led by Prime Minister Christopher Luxon and Minister of Finance Nicola Willis, is prioritizing economic growth to create jobs, raise incomes, and assist New Zealanders with the cost of living. Initiatives such as scrapping surcharges, tax relief, and the introduction of FamilyBoost aim to alleviate financial burdens for families. By focusing on key areas like talent development, competitive business settings, global trade, innovation, and infrastructure, the Government aims to boost wages by growing the economy in the long term.
21 Jul 2025
1 year ago
2005 views
New data released by Stats NZ today shows inflation at 2.7 per cent for the 12 months to the June 2025 quarter, remaining within the Reserve Bank's target range, according to Finance Minister Nicola Willis. This marks the fourth consecutive quarter of inflation being within the target range, contrasting with previous higher rates under the previous government. Local authority rates and payments were noted as the largest contributor to annual inflation, prompting the government to call for better management to keep rates under control and ensure economic growth for job creation and public services funding.
20 Jul 2025
1 year ago
2016 views
Billions of dollars in government-funded infrastructure projects are set to begin in the next few months, creating thousands of jobs and driving economic activity nationwide. The projects include new roads, hospitals, schools, and government buildings, aimed at improving infrastructure quality to boost the economy and help with the cost of living. The Infrastructure for Growth work program has delivered on actions to strengthen the infrastructure pipeline, with future projects totaling $207 billion planned across various sectors.
17 Jul 2025
1 year ago
1717 views
Minister of State for Trade and Investment Nicola Grigg will attend the Pacific Island Forum’s Trade Ministers Meeting in Fiji to discuss the importance of trade for economic growth and prosperity in New Zealand and the Pacific region. The meeting aims to shape the future of trade and economic integration among Pacific Island countries. Ms. Grigg highlights New Zealand's commitment to regional cooperation, resilience, and leadership in advancing Pacific trade priorities, including initiatives such as the Fiji New Zealand Business Council's strategy to increase two-way trade to NZ$2 billion by 2030 and the PACER Plus trade agreement benefiting businesses and promoting investment flows in the region.