Articles tagged with Spending
Defence Minister Honors NZ Businesses Boosting National Security and Innovation
1 month ago | 296 viewsDefence Minister Chris Penk highlighted the vital role New Zealand businesses play in supporting national security by providing essential equipment, services, and infrastructure to the Defence Force. This year’s award recipients contribute to regional growth, innovation, and the Defence Capability Plan’s goals, which include doubling defence spending by 2025. Additionally, the Defence Industry Advisory Council has been revitalized with updated membership and terms to better align with government defence and economic priorities.
Tags: Chris Penk New Zealand Defence Force Ministry of Defence Defence Industry Advisory Council Defence Capability Plan Burnham Military Camp Minister of Defence Awards Defence spending Defence procurement Defence IndustryInternational Visitor Arrivals and Spending on the Rise, Boosting New Zealand's Tourism Sector and Economy
9 months ago | 1036 viewsFresh data released today indicates that international visitor arrivals and spending are on the rise, boosting New Zealand's tourism sector and economy, as highlighted by Tourism and Hospitality Minister Louise Upston. The year ending June 2025 saw international tourism contribute $12.1 billion to the economy, a 4.3% increase from the previous year, with a 5% rise in visitor arrivals totaling 3.38 million. Despite positive growth, Upston emphasizes the need for continued efforts to further enhance the tourism sector, referencing initiatives like the Tourism Growth Roadmap aimed at doubling tourism exports by 2034.
Tags: tourism economy international visitors Louise Upston spending tourism sector international tourism visitor arrivals New Zealand Tourism Growth RoadmapTreasury Report: Pitfalls of Excessive Government Spending Exposed
10 months ago | 1172 viewsFinance Minister Nicola Willis highlights Treasury's report on the dangers of excessive government spending, emphasizing the challenges of using large spending measures in response to one-off shocks like the Covid-19 pandemic. The report criticizes the fiscal response to Covid, pointing out significant errors made and urging policymakers to avoid repeating those mistakes. It emphasizes the importance of restoring fiscal guardrails promptly after increased spending during crises, praising the current Government's commitment to responsible fiscal and economic management.
Tags: Treasury report government spending Finance Minister Nicola Willis fiscal policy economic shocks Labour government fiscal responseUnderstanding Council Spending: Impact on Rates & Communities | Local Government Minister Simon Watts
10 months ago | 2305 viewsLocal Government Minister Simon Watts emphasizes the importance of councils' spending transparency and its impact on ratepayers. The government aims to empower ratepayers by providing clear data on council performance and spending, allowing for better engagement and accountability. Additionally, there is a focus on councils delivering essential services efficiently and supporting communities through a potential rates capping system to ensure responsible spending.
Tags: Key metrics councils spending rates Local Government Minister Simon Watts ratepayers infrastructure fiscal management local government