Budget 2020 will be a 'recovery budget'

Wed, 15 Apr 2020

This year’s budget will be a “recovery budget,” Finance Minister Grant Robertson told BusinessNZ.“It will include funding for the cost pressures that are a necessary part of keeping our country ticking over. But we will devote much of our resources to kickstarting this recovery,” he said.Robertson said the past month has been the “most extraordinary” of his life and, “not least because having spent the last two and a half years as finance minister operating a tight fiscal ship, I have approved expenditure of more than $20 billion in three weeks...

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Economy

ANZ increases cash profit as net interest margins get squeezed

ANZ New Zealand has reported a 4% increase in its half-yearly profit despite pressure squeezing its margins.The bank's cash profit increased to $1.15 billion in the six months to March, up from $1.1b in the same period last year, but stable compared to the second half of its...

Riley Kennedy 10:50am

Law & Regulation