Policy
Explore the latest government news by BusinessDesk.
Economy
Budget 2019: Govt raids Super Fund to boost venture capital funding
By Pattrick Smellie May 30 (BusinessDesk) - The government will divert $240 million of contributions to the New Zealand Superannuation Fund and combine it with $60 million of assets held by the Venture Investment Fund to improve access to capital for growing, mid-sized busines...
Economy
Budget 2019: NZ economic growth boosted by govt spending before fading
By Rebecca Howard May 30 (BusinessDesk) - New Zealand’s economic growth is initially underpinned by Finance Minister Grant Robertson’s first “well-being budget” but that growth is forecast to gradually fade. Risks - particularly international risks – remain skewed to the downs...
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...
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...
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