Budget 2021: Govt to reprioritise nearly $1b

Budget 2021: Govt to reprioritise nearly $1b
Grant Robertson says Budget 2021 will be a recovery budget.
Rebecca Howard
New Zealand’s better-than-expected economic recovery from covid-19 means the government has $1 billion to re-allocate into priority areas.“Our stronger than expected economic performance means we have more options than we had expected to invest in critical services,” said finance minister Grant Robertson in a pre-budget speech at the Wellington Chamber of Commerce.Robertson called on each minister to look at covid-spending in their respective areas of responsibility and decide if it was still needed or could be reprioritised.&...

More Economy

ANZ survey: ‘The worst will soon be past’
Economy

ANZ survey: ‘The worst will soon be past’

ANZ-Roy Morgan's survey shows that consumer confidence bounced back from recessionary lows in July.“It’s still very low but has clawed back about half the March-April fall that coincided with ‘recession’ headlines. The lift was driven by improving expectations rather than the...

Staff reporters 26 Jul 2024
The kiwi dollar is falling prey to the bears
Economy

The kiwi dollar is falling prey to the bears

The only worst performer is the Norwegian krone.

Rebecca Howard 26 Jul 2024
Holidays Act: no vacation for taxpayers
Economy In-depth

Holidays Act: no vacation for taxpayers

Let's pay billions of dollars and get nothing new for it.

Nikitin Sallee 25 Jul 2024
Recession worries? Blame China's economic flu
Economy

Recession worries? Blame China's economic flu

Treasury's chief economic adviser says China's economic woes are being felt in NZ.

Dileepa Fonseka 25 Jul 2024