Willis: With reduced growth comes reduced opportunities

Willis: With reduced growth comes reduced opportunities
The minister speaking to journalists at the University of Waikato economics forum today (Feb 15). (Image: Dileepa Fonseka)
Dileepa Fonseka
Finance minister Nicola Willis says she is expecting no "upside" surprises in forecast government revenues for the upcoming budget."I think when a lot of people saw the update before Christmas of the books, they might have hoped that by budget time, we'd be seeing the upside – more cash coming into the kitty. My message today is that seems unlikely."Willis made the comments to the media this morning (Feb 15), on the first day of the 2024 University of Waikato economics forum. 'Pretty profound human impacts...

More Economy

Even the world's most-envied retirement plan is falling short
Economy

Even the world's most-envied retirement plan is falling short

Most Australians about to give up work have much less in the kitty than they’ll need.

Nearly $2b worth of ANZ mortgages overdue
Economy

Nearly $2b worth of ANZ mortgages overdue

That's up from $1.5b the year prior.

Riley Kennedy 08 May 2024
Weak red meat prices drop ANZCO Foods' profit nearly 60%
Economy

Weak red meat prices drop ANZCO Foods' profit nearly 60%

But, unlike other major processors, it still managed to turn a profit.

Riley Kennedy 07 May 2024
ANZ increases cash profit as net interest margins get squeezed
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 07 May 2024