Economy
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Economy
NZ sovereign rating can absorb higher fiscal spending - S&P
International ratings agency Standard & Poor's says New Zealand’s higher government spending and weaker economic conditions are weighing on the fiscal outlook but there is no impact on its current rating.S&P Global Ratings made the comments after the government said it will fund...
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Pattrick Smellie: OPINION: Why so conservative, Grant?
Here’s a prediction: the political commentariat and the government's core support base will sweep aside the $12 billion of additional capital spending announced by Finance Minister Grant Robertson today as unduly conservative – even miserly.Having raised expectations the governme...
Economy
Govt books still in check as growth seen slowing
Slightly slower economic growth and increased capital spending barely shifted the dial in the half-year outlook for the government’s accounts. Treasury officials trimmed their forecast for annual economic growth to 2.2 percent f...
Economy
Govt loosens purse-strings with $12b new infrastructure spending
The government will loosen the purse strings and fund $12 billion of new spending on roads, rail, schools, hospitals and other public infrastructure over the next five years.Yet the announcements in today’s Budget Policy Statement from Finance Minister Grant Robertson are forecas...
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Pattrick Smellie
Founding Editor
Pattrick was judged New Zealand's best overall columnist and business columnist of the year at the Voyager 2021 Media Awards. He has more than 35 years’ experience reporting and working in New Zealand politics and the commercial sector. A former Press Gallery chairman, he is an award-winning journalist and has worked for titles including The Dominion, The Press, Sunday Star-Times and National Business Review. He was the first NZ correspondent for The Australian and co-founded BusinessDesk in 2008.
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