Politics
Economy
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...
Economy
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...
Economy
Free
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...
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...
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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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articles by Pattrick