Articles tagged with Public Finances
2026 Budget Preview: Focus on Core Services and Fiscal Responsibility
3 weeks ago | 194 viewsThe Government will present its 2026 Budget on 28 May, focusing on supporting core public services such as health care, education, defence, and law and order. Finance Minister Nicola Willis emphasizes tight control of discretionary spending, prioritizing limited commitments without excessive expenditure. The Budget aims to deliver savings and reprioritize existing funds to maintain essential services while restoring fiscal responsibility.
Tags: Government 2026 Budget Finance Minister Nicola Willis public services health care education defence law and order public financesFinance Minister Applauds Fitch Ratings for Preserving New Zealand's Strong Credit Rating Amid Borrowing Challenges
6 months ago | 678 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 GDP