Articles tagged with Gdp
New Zealand Biosecurity Laws Strengthened to Safeguard Economy
1 week ago | 119 viewsBiosecurity Minister Andrew Hoggard highlights the importance of strengthening New Zealand's biosecurity laws to protect against invasive pests and diseases, supporting economic growth in the food and fibre sector, which contributes significantly to the country's GDP. The proposed changes aim to enhance biosecurity defenses, with penalties for failing to declare risk goods at the border, improved management of pests and diseases, and more efficient import rules to support trade while maintaining high biosecurity standards. The Minister emphasizes the need to prevent incursions to safeguard New Zealand's competitive advantage in the global food and fibre export industry, with a draft bill reflecting these changes expected to progress through Parliament in the near future.
Tags: Andrew Hoggard Biosecurity Minister New Zealand biosecurity laws invasive pests economic growth food and fibre sector GDP pests and diseases export industryGovernment Financial Progress: 2024/25 Statements Reflect Fiscal Discipline and Investment Boost
1 month ago | 135 viewsFinance Minister Nicola Willis highlighted the 2024/25 government financial statements, showcasing progress in restoring fiscal discipline. Key points include a decrease in core Crown expenses, steady net core Crown debt, and a better-than-forecast deficit in the operating balance. The Government's focus on savings has allowed for increased investment in key sectors while maintaining tax relief, with future plans to further reduce government spending as part of ongoing fiscal discipline efforts.
Tags: Government Financial Statements Nicola Willis GDP Crown Expenses Debt OBEGALx Fiscal Discipline Budget.Amplify: New Zealand Government Strategy for Arts, Culture & Jobs Growth
2 months ago | 310 viewsThe Government has released the Amplify strategy to enhance Kiwis' involvement in the arts, boost the sector's economic impact, and generate more jobs. The strategy aims for New Zealand to be globally recognized for its arts and creativity, with specific goals set for economic growth, increased engagement with arts and culture, and more jobs in the sector by 2030. Amplify focuses on three strategic pillars: maximizing value from creative sectors, nurturing talent and career opportunities, and updating regulations to support cultural sector growth, with plans for ongoing updates based on industry feedback.
Tags: Arts Culture Heritage Minister Paul Goldsmith Amplify New Zealand GDP Tourism StrategyNew Zealand Infrastructure Pipeline Surges to $237.1 Billion: Construction Sector Growth Ahead
2 months ago | 367 viewsThe latest quarterly update from the New Zealand Infrastructure Commission reveals that the value of infrastructure initiatives in the National Infrastructure Pipeline has increased to $237.1 billion, with a $30.2 billion growth from the previous quarter, as stated by Infrastructure Minister Chris Bishop. The Pipeline, managed by the Commission, encompasses over 9,200 projects, aiding in planning for future infrastructure projects across various sectors and contributing to about 4% of the country's GDP. Efforts are being made to enhance transparency and data quality within the Pipeline, with ongoing collaboration from 121 organizations, and the final National Infrastructure Plan is expected to be released in December.
Tags: New Zealand Infrastructure Commission National Infrastructure Pipeline Chris Bishop construction sector infrastructure projects New Zealand Infrastructure Commission GDP NZTA highway maintenance programmes Christchurch Men’s Prison Hawkes Bay PrisonFinance Minister Applauds Fitch Ratings for Preserving New Zealand's Strong Credit Rating Amid Borrowing Challenges
2 months ago | 369 viewsFinance 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.
Tags: Finance Minister Nicola Willis Fitch Ratings New Zealand credit rating borrowing public finances fiscal consolidation debt GDPNew Zealand's First AI Strategy Unveiled by Science Minister to Drive Economic Growth and Innovation
4 months ago | 1476 viewsScience, Innovation and Technology Minister Dr Shane Reti has launched New Zealand’s first AI Strategy to boost productivity and grow a competitive economy. “AI could add $76 billion to our GDP by 2038, but we’re falling behind other small, advanced economies on AI-readiness and many businesses are still not planning for the technology,” says Dr Reti. “We must develop stronger Kiwi AI capabilities to drive economic growth, and this Strategy sends a strong signal that New Zealand supports the uptake of AI.
Tags: Shane Reti AI Strategy New Zealand GDP economic growth regulatory guidance responsible AI adoption innovation productivity technology