Articles tagged with Growth
How Falling Interest Rates Benefit Growth, Businesses, Jobs, and Kiwis: Finance Minister's Insights
3 days ago | 79 viewsFinance Minister Nicola Willis highlights the benefits of falling interest rates, including support for growth, businesses, job creation, and mortgage holders. The Reserve Bank has reduced the Official Cash Rate (OCR) from 3.25 to 3 percent, with further decreases expected. Lower interest rates stimulate economic activity, reduce mortgage repayments, and are seen as a positive response to economic challenges, signaling improving conditions and effective economic management by the government.
Tags: interest rates growth businesses jobs Kiwis mortgages Finance Minister Nicola Willis Reserve Bank Official Cash RateNew Law Streamlines Freshwater Farm Plans for NZ Farmers
3 days ago | 94 viewsThe Resource Management (Consenting and Other System Changes) Amendment Act, passed into law, has improved the freshwater farm plan system to make it more workable and affordable for farmers, reducing duplication and costs by allowing industry organisations to certify and audit plans. This change recognizes good work done by farmers and industry groups in managing risks, focusing on actual on-farm risks and practical actions to reduce them. The Act increases the minimum farm size requiring a freshwater farm plan to 50 hectares for certain land uses, removing the requirement for around 8,000 smaller, lower-risk farms, supporting environmental stewardship and growth in the primary sector.
Tags: Government freshwater farm plan system Resource Management Act Agriculture Minister Todd McClay Associate Environment Minister Andrew Hoggard industry organisations farm plans environmental stewardship growth RMA.Whanganui Airport Invests in Safety and Connectivity Boost
1 week ago | 137 viewsThe Government will invest $3.35 million in Whanganui Airport to build a new sealed parallel taxiway, enhancing safety and regional connectivity. This investment aims to address safety concerns by reducing the risk of collisions and aircraft congestion, making flying safer for pilots and passengers. The taxpayer-funded project, supported by local MP Carl Bates, will improve resilience, support economic growth, and benefit the region's aviation industry and community.
Tags: Whanganui Airport safety regional connectivity economic growth James Meager investment taxpayer funding Carl Bates aviation New Zealand International Commercial Pilot AcademyMajor Fisheries Reforms for Sustainable Growth: Minister Shane Jones Unveils Game-Changing Changes
2 weeks ago | 387 viewsThe Government is implementing significant fisheries reforms to support sustainable growth in the fishing industry, aiming to remove obstacles and enhance decision-making for setting catch limits. The reforms include more responsive rules based on changes in fish abundance, improved privacy protection for fishers through changes in the onboard camera program, and practical guidelines for landing or discarding catch. These changes align with the goal of fostering a thriving and sustainable fishing industry, with an amendment Bill to be introduced for further feedback through the select committee process.
Tags: Shane Jones Fisheries Act reforms sustainable growth fishing industry catch limits fisheries management onboard cameras Official Information Act MPI.Boosting Sustainable Tourism with $17.5M Investment in Natural Attractions
3 weeks ago | 318 viewsThe $17.5 million investment in sustainable tourism aims to boost regional economies by supporting jobs and incomes at popular natural attractions in New Zealand. The funding will improve visitor planning and management at key sites like Aoraki Mount Cook National Park and Milford Sound, ensuring the conservation areas continue to attract tourists with stunning nature. Additionally, investments in Great Walks and DOC campsites will enhance service and management, contributing to the country's economic growth driven by tourism expenditure of $44.4 billion and over 300,000 jobs.
Tags: Tama Potaka sustainable tourism Conservation Minister Aotearoa New Zealand tourism conservation areas Department of Conservation Great Walks tourism concessions economic growthNew Zealand's Geothermal Energy Expansion Plan for 2040: Unlocking Potential
3 weeks ago | 498 viewsNew Zealand aims to double geothermal energy production by 2040 to tap into its rich resources, positioning the country as a global leader in sustainable geothermal development. The draft strategy, "From the Ground Up," seeks to drive innovation, resilience, and economic growth through geothermal utilization. The plan includes expanding geothermal applications beyond electricity generation, fostering innovation, and strengthening regional economies and the Māori economy.
Tags: Shane Jones geothermal energy New Zealand Resources Minister electricity generation sustainable development innovation Māori economy industrial growth consultationNew Zealand Construction Industry Welcomes Expanded Range of Building Products for Cost Savings and Quality Boost
3 weeks ago | 384 viewsStarting tomorrow, New Zealand will see increased accessibility of various building products such as plasterboard, cladding systems, external doors, and windows, aiming to boost the construction industry and lower building costs. The government, led by Building and Construction Minister Chris Penk, is focused on driving economic growth, creating jobs, and improving wages through initiatives like allowing quality overseas building products into the market. These changes are part of a broader effort to introduce competition, reduce costly monopolies, and streamline the use of international building standards, with the Building Product Specifications document being a key resource for this transition.
Tags: Chris Penk New Zealand construction building products economic growth plasterboard cladding systems external doors windows AustraliaFinance Minister Nicola Willis: Inflation Under Control as Govt Focuses on Economic Growth
1 month ago | 409 viewsNew 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.
Tags: inflation Finance Minister Nicola Willis Stats NZ Consumers Price Index Reserve Bank New Zealanders council rates local authority rates economic growth New ZealandNew Zealand's First AI Strategy Unveiled by Science Minister to Drive Economic Growth and Innovation
1 month ago | 849 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 technologyAccelerating Economic Growth Through Efficient Conservation Land Applications Processing
1 month ago | 397 viewsA targeted effort to reduce the backlog of applications for use of conservation land is accelerating economic growth without compromising conservation values, says Conservation Minister Tama Potaka. “Over the years, decision makers at the Department of Conservation – Te Papa Atawhai became wrapped and trapped in a sticky ball of red tape unnecessarily slowing the success of tourism operators, researchers, major infrastructure project developers, among many others. “The department is doing a great job delivering on my expectation to crack on with the mahi.
Tags: Conservation Minister Tama Potaka Department of Conservation Te Papa Atawhai tourism applications economic growth infrastructure AI tools Kokiri Lime conservation landInnovative Investment Boosts New Zealand's King Salmon Feed Development for Export Growth
1 month ago | 626 viewsThe Government is backing innovation to grow New Zealand’s high-value aquaculture exports, with a $455,000 investment from the new Primary Sector Growth Fund to support the development of specialised feed for King salmon, Agriculture, Trade and Investment Minister Todd McClay announced today. The $1. 2 million project—led by global aquafeed company Skretting—will design feed tailored specifically for New Zealand’s King salmon, supporting the growth of open ocean farming and helping reduce costs for local producers.
Tags: Government innovation aquaculture exports investment Primary Sector Growth Fund Todd McClay agriculture trade King salmonGame-Changing Reservoir Project to Boost Economy and Agriculture in Wairarapa Region
1 month ago | 564 viewsA reservoir to be built near Carterton will be a game-changer for the town and wider Wairarapa region, Regional Development Minister Shane Jones says. The 20ha reservoir, which will hold up to 1 million m3, will provide water for industry at Waingawa Industrial Park and irrigation for land. “Water resilience has been identified as a regional priority for Wairarapa.
Tags: Carterton Carterton district council Coalition government Going for growth Regional infrastructure fund Shane jones Waingawa industrial park Wairarapa