29 Jul 2026
2 months ago
659 views
The Ministry of Business, Innovation and Employment (MBIE) ceased the seven-year Biometric Capability Upgrade project in December 2025, initially reporting $33 million in costs written off. Subsequent reviews revealed discrepancies in MBIE’s financial reporting, leading to the identification of an additional $6 million in project costs and prompting the commissioning of an independent financial audit. The matter has been referred to the Michael Heron inquiry and the Public Service Commissioner to investigate MBIE’s financial controls and potentially expand the inquiry’s scope.
29 Jul 2026
2 months ago
637 views
The Government has surpassed its 2023 election commitment by delivering over 3,000 additional social homes in Auckland ahead of schedule, with a focus on meeting the needs of those requiring one- and two-bedroom properties, particularly in South and West Auckland. Kāinga Ora and Community Housing Providers contributed significantly to this achievement, which forms part of more than 8,400 new social homes delivered nationwide since November 2023. Ongoing investments through Budgets 2024 to 2026 aim to sustain a long-term pipeline of quality, fit-for-purpose social housing across New Zealand.
27 Jul 2026
3 months ago
677 views
Over 97,500 New Zealand families have received FamilyBoost payments, which were expanded last year to increase the rebate from 25% to 40%, raise the maximum weekly payment to $120, and extend eligibility to households earning up to $229,000 annually. These changes have resulted in a 70% increase in average payments, helping over 12,000 families each quarter to better manage early childhood education costs and balance work and family life. The government encourages eligible families to register for FamilyBoost, emphasizing its role in supporting working parents and strengthening the economy by easing childcare cost pressures.
21 Jul 2026
3 months ago
666 views
Today’s inflation rate of 4.1% is largely driven by a global oil price shock, with petrol and diesel prices rising significantly, while core inflation remains within the Reserve Bank's target range. Finance Minister Nicola Willis emphasizes the Government’s prudent response, including targeted support for those most affected by fuel costs and maintaining fiscal discipline to avoid exacerbating inflation. Despite global volatility, New Zealand’s economy is projected to grow steadily with job creation and wages outpacing inflation, supporting long-term affordability and resilience.
07 Jul 2026
3 months ago
738 views
Two refurbished tanks at Northland’s Marsden Point are now operational to store New Zealand’s strategic diesel supply, following a $21.6 million government investment to enhance fuel resilience amid global uncertainties. Z Energy was selected to supply and manage the 90 million litre diesel reserve, with the Crown controlling its release to ensure national security without affecting Z Energy’s stockholding obligations. The first diesel shipment has arrived, with the second expected soon, and fuel stock reporting will resume its regular weekly schedule as global conditions stabilize.
02 Jul 2026
3 months ago
878 views
The latest government accounts reveal stronger-than-expected core Crown revenue and lower expenses, indicating an improving economy. Corporate tax revenue rose by $700 million, reflecting increased business profitability, and the deficit was $3 billion lower than forecast. Despite recent challenges like the Middle East conflict, economic indicators such as falling oil prices, rising business confidence, and increased exports suggest the economy is regaining momentum.
20 Jun 2026
4 months ago
845 views
Nearly 99.5% of KiwiSaver contributors have accepted the increased default contribution rate from 3% to 3.5%, enhancing their retirement savings and financial security. This change affects about 1.8 million employees, with contributions rising from 6% to 7% of wages when including employer matches, and will increase further in 2028. The higher contributions are projected to significantly boost retirement funds, helping young New Zealanders both in retirement and in purchasing their first homes.
18 Jun 2026
4 months ago
1043 views
New Zealand's economy showed strong momentum in the March 2026 quarter, growing 0.8%, nearly three times faster than Australia and twice as fast as the US, with GDP per capita and real purchasing power also rising. This growth reflects the resilience of New Zealanders amid challenging conditions and was supported by business investment and government policies, though uncertainty from the Middle East conflict may impact future growth. Despite short-term caution, the government remains focused on fiscal responsibility and expects economic growth to strengthen over time, leading to more jobs and higher incomes.
10 Jun 2026
4 months ago
928 views
The Government and industry have jointly launched the AgriZeroNZ Early Adoption Accelerator, contributing up to $51 million each to support the rollout of innovative farm technologies that enhance New Zealand farmers' competitiveness and emissions efficiency. This co-funded program focuses on practical, scalable solutions, building on prior investments in emissions-reducing research, with tools like EcoPond already available and more technologies expected soon. AgriZeroNZ invites companies and industry groups to participate in projects over the next three years, aiming to provide farmers with diverse technology choices tailored to their operations.
08 Jun 2026
4 months ago
818 views
The Government has completed the recommissioning of 93 million litres of diesel storage capacity at Marsden Point to store newly purchased diesel reserves. Two shipments, arriving soon and in July, will provide about nine days’ average diesel consumption to safeguard New Zealand’s fuel supply amid global uncertainties. Funded by $21.6 million from the Regional Infrastructure Fund, this measure aims to maintain economic stability despite ongoing Middle East conflicts affecting fuel supply and prices.
02 Jun 2026
4 months ago
959 views
The New Zealand Government is doubling trades academy places from 10,000 to 20,000 with a $69 million investment to provide more young people with practical skills and industry experience while still at school. Additionally, $15 million is allocated to Industry Skills Boards to develop new vocational subjects integrated into the national qualification system, ensuring alignment with industry needs. These initiatives aim to elevate vocational pathways to the same status as other educational routes, offering diverse opportunities for youth to succeed in skilled careers.
01 Jun 2026
4 months ago
960 views
New Zealand is receiving two shipments of diesel reserve, with the first arriving mid-June and the second expected in early July, providing around nine days of typical diesel consumption. The government is refurbishing tanks at Marsden Point, funded by $21.6 million from the Regional Infrastructure Fund, to store the fuel, which will be controlled by the Crown and managed by Z Energy. Finance Minister Nicola Willis emphasizes that this reserve enhances the country's fuel security and resilience against potential supply disruptions.
28 May 2026
5 months ago
949 views
The New Zealand Government plans to contribute $3.1 billion to the Superannuation Fund over the next four years, an increase of $2.2 billion due to updated population and inflation forecasts. The Guardians of New Zealand Superannuation have lowered their expected long-term returns from 7.8% to 7.2%, reflecting anticipated weaker global equity market performance. Contributions will continue until 2054, with superannuation costs projected to rise from $24.7 billion to $31.2 billion by 2029/30 as the population ages.
28 May 2026
5 months ago
1413 views
Budget 2026 allocates $400 million to enhance infrastructure resilience, emergency management, and hazard information across New Zealand, focusing on protecting vulnerable communities from severe weather and natural disasters. Key projects include strengthening critical state highways prone to landslides and erosion, developing the first national Flood Map for property-level risk assessment, and modernizing emergency systems for real-time coordination during crises. This investment aims to reduce long-term costs, improve disaster preparedness, and ensure faster recovery by proactively addressing infrastructure weaknesses and improving risk management.
28 May 2026
5 months ago
913 views
The Budget addresses the global fuel crisis with temporary, targeted support and provisions for further action if needed, including increased funding for frontline services, a $50 weekly boost to the In-Work Tax Credit, and $150 million for strategic fuel reserves. It also supports public transport, raises mileage rates for support workers, and sets aside a $450 million reserve for additional measures should conditions worsen. Emphasizing fiscal discipline, the Government aims to protect households and businesses while maintaining New Zealand’s financial resilience amid ongoing global uncertainties.