Strong NZ govt balance sheet about to blow out

Strong NZ govt balance sheet about to blow out
Rebecca Howard
A strong balance sheet will help the New Zealand government weather covid-19, although its latest accounts already showed signs of the pandemic's impact.“These results have reflected some of the covid-19 related impacts, mainly in relation to the significant losses impacting the operating balance, total borrowings and assets and liabilities values,” the Treasury said.Core Crown tax revenue and operating expenses had not been significantly impacted for these financial statements, Treasury officials noted.Net core crown debt was $59.8 billion at...

More Economy

There is no free lunch when it comes to austerity
Economy

Cameron Bagrie: There is no free lunch when it comes to austerity

Budget 2025: Education and defence are expected to gain increased investment.

Cameron Bagrie 01 May 2025
US tariff policy rattles NZ business confidence
Economy

US tariff policy rattles NZ business confidence

Business confidence fell nine points to +49 in April.

Staff reporters 30 Apr 2025
Govt slashes Budget 2025 operating allowance
Economy

Govt slashes Budget 2025 operating allowance

Budget 2025 operating allowance is now $1.3 billion. 

Rebecca Howard 29 Apr 2025
Exporter eyes golden growth from revamped investor visa
Retail

Exporter eyes golden growth from revamped investor visa

Could a foreign investor be the solution to Anihana's quest for capital?