Are budget deficits back for longer?

Investing in resilience to deal with extreme weather meets shrinking revenues in this year's budget. (Image: Getty)

Mon, 15 May 2023

The last six months have been notable for the emergence of economic indicators showing an economy off-track and in need of a reset.The rubber band is becoming more taut.Inflation started it: an imbalance between supply and demand.Of late we have seen a blowout in the current account deficit to 8.9% of gross domestic product.Meanwhile, local authorities are grappling with weak financial positions and $1.5 billion in deficits at a time when debt burdens are more of a concern because higher interest rates are biting.Watch local authority rates ris...

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Law & Regulation

Two new judicial appointments

Attorney general Judith Collins reveals new judges for high court and court of appeal.

Staff reporters 3:15pm

Economy

Fast-track ‘stakeholders’ list released

Major corporates including Carter Group and Fonterra are on the list.

Victoria Young 2:30pm

Primary Sector

Bell Potter boosts Santana target price 53.5%

Aussie brokers increasingly like the look of a low-cost, high yield Otago gold play.

Pattrick Smellie 12:00pm

Bell Potter boosts Santana target price 53.5%

Sponsored

Boosting rural growth with innovation

Productivity and sustainability go hand in hand for the rural sector

ASB Scam Update

Sponsored

Auckland's new "Midtown" taking shape

5-star hybrid workspaces, combined with the City Rail Link, are creating a revitalised inner-city zone designed to motivate workers back to the office.

Alberts