Articles tagged with Economic Recovery
New Zealand Invests $80M in Critical Minerals to Boost Regional Growth and Jobs
1 week ago | 126 viewsThe New Zealand Government has allocated $80 million from the Regional Infrastructure Fund to develop and process domestic critical minerals, aiming to boost jobs, investment, and regional economic recovery. Critical minerals are vital for modern technologies and global supply chains, and New Zealand seeks to position itself as a reliable source while fostering advanced processing and international partnerships. The funding supports projects aligned with the Minerals Strategy, with applications accepted and successful initiatives to be announced after evaluation.
Tags: Winston Peters Shane Jones Regional Infrastructure Fund Critical Minerals Minerals Strategy New Zealand Government Regional Development Economic Recovery Supply Chain Rare EarthsNZ Government Commits to Fiscal Discipline with Surplus Target by 2029
2 months ago | 413 viewsFinance Minister Nicola Willis emphasizes the need for continued fiscal discipline to restore New Zealand’s budget surplus and reduce debt, despite Treasury’s forecast of a strong economic recovery with 3% growth and low inflation. The government aims for a surplus by 2028/29 through a medium-term fiscal consolidation strategy, maintaining tight control over discretionary spending and limiting operating allowances to $2.4 billion next year. Priorities include health, education, defence, and law and order, with new funding to come from savings and reprioritisation, ensuring the country remains fiscally responsible compared to other advanced economies.
Tags: Nicola Willis New Zealand Treasury Budget OBEGALx fiscal discipline economic recovery debt inflation governmentNew Data Reveals Strong Growth in International Tourism Industry, Boosting Confidence and Economic Recovery
4 months ago | 477 viewsThe Government celebrates a 7.5% increase in international visitor arrivals in August, signaling a positive trend for the tourism industry's recovery post-COVID. Minister Louise Upston emphasizes the economic importance of tourism as New Zealand's second highest export earner. The Tourism Industry Association survey indicates an 86% confidence level among tourism organizations for the upcoming year, reflecting the industry's optimism and the Government's investments to promote New Zealand as a top destination.
Tags: Government data international visitor numbers tourism industry Louise Upston international tourism export earner economic recovery visitor arrivals Statistics New Zealand