Strong govt balance sheet a good starting point

Strong govt balance sheet a good starting point
Paul McBeth
The government’s low level of debt puts New Zealand on more solid ground heading into a pandemic-induced global recession.The government’s net debt was sitting around 19 percent of GDP at the end of January, although Finance Minister Grant Robertson said yesterday it will rise above his 15-to-25 percent debt target as the $12.1 billion support package announced this week keeps some people in jobs and some firms afloat.ANZ Bank New Zealand economist Liz Kendall said that’s a key support for the country’s net international investment position, wh...

More Economy

From boom to gloom: Fitch doubts future NZ growth
Economy

From boom to gloom: Fitch doubts future NZ growth

Who knows whether NZ will be downgraded, but economic conditions do not look great.

Productivity drops for SMEs – Xero
Economy

Productivity drops for SMEs – Xero

Xero's report paints a particularly grim picture for the hospitality sector.

Migrant departures hit record high
Economy

Migrant departures hit record high

Stats NZ figures show 130,600 departures for the April 2024 year, up 34% from a year ago.

Staff reporters 12 Jun 2024
Willis calls for select committee inquiry into banking
Finance

Willis calls for select committee inquiry into banking

She wants the Finance and Expenditure and Primary Production Committees to join forces.

Rebecca Howard 12 Jun 2024