Budget 2024 delivers says finance minister Willis as fiscal position worsens

Budget 2024 delivers says finance minister Willis as fiscal position worsens
Finance Minister Nicola Willis. (Image: NZME)
Rebecca Howard
New Zealand’s fiscal position has deteriorated markedly, and Budget 2024 is for the “squeezed middle of New Zealand,” finance minister Nicola Willis says. “What is apparent now, compared to six months ago, is that the current downturn started earlier, has been deeper, and is expected to last for longer than previously thought,” Willis said. The latest forecasts from Treasury paint a much grimmer picture than they did in the December half-year fiscal update, she said. Real gross domestic product is ex...

More Economy

S&P/NZX 50 Index opens down after US strike on Iran
Economy

S&P/NZX 50 Index opens down after US strike on Iran

NZD/USD also under pressure as investors seek safe haven. 

Rebecca Howard 23 Jun 2025
Auckland's multibillion-dollar midtown moment
Economy

Auckland's multibillion-dollar midtown moment

Auckland's midtown area is the target of several multibillion-dollar investments.

Storms clouds are gathering for the economy
Economy

Storms clouds are gathering for the economy

March-quarter GDP lifted 0.8% on quarter.

Rebecca Howard 19 Jun 2025