Policy
Explore the latest government news by BusinessDesk.
Policy
Budget 2019: Shane Jones’s $3B Provincial Growth Fund two-thirds committed
By Pattrick Smellie May 30 (BusinessDesk) - Announcements in the Budget indicate that two-thirds of the $3 billion available for distribution from the Provincial Growth Fund has now been committed. With $1.7 billion of projects already announced, the Budget adds $300 millio...
Policy
Budget 2019: Rail projects score $1.6B of new capital
By Pattrick Smellie May 30 (BusinessDesk) - The national rail carrier, KiwiRail, and Auckland’s Central Rail Loop projects receive capital boosts totalling $1.58 billion in this year’s Budget and there will be more to come. Of that, $405.5 million is to meet rocketing costs...
Policy
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Budget 2019: Govt cuts urban infrastructure fund in half
By Pattrick SmellieMay 30 (BusinessDesk) - Government funding for water and roading infrastructure “to support the timely increase of housing supply” is halved without explanation in the Budget.Having announced a $600 million capital allocation for CIP in last year’s Budget, this...
Policy
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...
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