Vaccine won't be a magical cure for NZ economy - Treasury

Vaccine won't be a magical cure for NZ economy - Treasury
Brent Melville
Treasury Secretary Caralee McLiesh says the prospect of a covid-19 vaccine will not be a cure for surging government debt or have an impact on the Treasury’s current forecasting.McLiesh injected a dose of economic reality into today’s 'ReBuilding Nations' infrastructure symposium in Auckland, telling delegates that while a vaccine showed a potential ‘way out’ of the pandemic, it didn’t change the reality that NZ had experienced its sharpest economic contraction on record.The 12.2 percent fall in gross domes...

More Infrastructure

Expressway bidder faces scrutiny amid Sydney rail allegations
Infrastructure

Expressway bidder faces scrutiny amid Sydney rail allegations

NZTA is monitoring the situation as it assesses a local bid involving Webuild.

Oliver Lewis 11 Sep 2025
Average home insurance tops $2,000
Infrastructure Risky Business

Average home insurance tops $2,000

Insurance premiums in New Zealand have increased dramatically in recent years.

Michael Neilson 11 Sep 2025
Rates capping could hit council credit ratings
Finance

Rates capping could hit council credit ratings

Treasury warns rates are ‘significantly below’ sustainable levels.

Oliver Lewis 11 Sep 2025
Transpower to spend $1.1b on Cook Strait link upgrade
Infrastructure

Transpower to spend $1.1b on Cook Strait link upgrade

Transpower plans to spend $1.1 billion on upgrading the electricity link between the North and South Islands.The state-owned power grid operator said it had applied to the Commerce Commission for approval to invest in the High Voltage Direct Current (HVDC) link.The proposal inclu...

Staff reporters 09 Sep 2025