How long, cold and dark a shadow will be cast by the big build-up of household debt over the past decade?

KiwiSaver had become one of our loved institutions in a short period of time. We believed it would be there in future. We believed it made financial sense for ourselves and the country.

More details of KiwiSaver cuts will be announced in the budget, but John Key says the $1000 kick start for new accounts will remain.

The gap in New Zealand's capital markets needs addressing urgently, writes Franceska Banga.

The Government is borrowing $380 million a week and next week's budget will carry a record deficit.

The New Zealand government ran an operating deficit of $10.16 billion in the nine months ended March 31, almost 15pc worse than forecast. The government faces a potential credit rating downgrade from Standard and Poor's unless it can...

The Crown fielded a number of proposals to recapitalise South Canterbury Finance (SCF) or buy it before and as it collapsed but most involved some form of Crown support, according to documents released today.

The PM admits he talked with MediaWorks bosses before they received a $43.3 million helping hand from the Govt.

Labour has called the Govt's revised $1.2b South Canterbury Finance bill a "disaster of epic proportions", saying Finance Minister Bill English "grossly mishandled" the situation and should resign as a result.

The New Zealand dollar reached a seven-week high against the greenback today on further evidence of rising commodity prices while investors continued to be more comfortable with risk.

Prime Minister John Key said the Government has more spending to come, pointing at an EQC net cost estimate of $1.5b for the latest quake.

A $1.7 billion higher-than-forecast deficit points to the fiscal challenges the Government faces in its May budget, Prime Minister John Key says.

The government's finances have taken a $331 million hit, largely due to problems recovering money from failed South Canterbury Finance's tangled set of related party loans.