Economy
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Finance
Budget 2019: Capital demands see increased bond programme
By Paul McBeth May 30 (BusinessDesk) - The government will borrow an extra $6 billion over the next five years to cover a shortfall in its cash flows to meet a $41.1 billion capital spending programme. The New Zealand Debt Management Office will issue $8 billion in the year...
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Finance
Budget 2019: NZ surpluses narrow as spending ramps up
By Rebecca Howard May 30 (BusinessDesk) - New Zealand’s fiscal outlook remains in line with the government’s strategy, but forecasts included in Budget 2019 show smaller surpluses as spending ramps up. “We are maintaining sustainable surpluses over the period and keepin...
Policy
Budget 2019: New schools spearhead $41.1 billion capital programme
By Paul McBeth May 30 (BusinessDesk) - The government has put education front and centre of a $41.1 billion capital spending programme over the next five years, with plans to build and upgrade schools to accommodate the nation’s growing population. The 2019 Budget has alloc...
Policy
Budget 2019: Govt optimistic it will meet initial child poverty targets
By Pattrick Smellie May 30 (BusinessDesk) - The embryonic nature of the government’s approach to policy-making focused on ‘well-being’ is writ large by the fact that the 2019 Budget contains just two new metrics for measuring success. However, the direction of future activi...
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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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