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

RBNZ likely to hit pause as market eyes future cuts
Economy

RBNZ likely to hit pause as market eyes future cuts

The official cash rate is at 3.25% versus 5.5% a year ago.

Business confidence nixes July RBNZ cut
Economy

Business confidence nixes July RBNZ cut

Economists say July is a pause, not the end point.

Rebecca Howard 02 Jul 2025
Monthly CPI tech takes Stats NZ into the future
Economy

Monthly CPI tech takes Stats NZ into the future

Budget funding for new inflation-reporting tech is a giant leap forward, agency says.

Maria Slade 27 Jun 2025
Corporates think NZ 's on the up: Forsyth Barr
Primary Sector

Corporates think NZ 's on the up: Forsyth Barr

The Pulse of NZ Business survey found construction and retail continue to lag.

Gregor Thompson 25 Jun 2025